Q1 FY2026 Financial Results Summary [Japanese Standards] (Consolidated)

Performance Overview

The consolidated performance for the first quarter of FY2026 showed net sales of 200.913 billion yen, a 3.1% increase YoY, while operating profit decreased 20.3% YoY to 14.87 billion yen, ordinary income decreased 22.9% YoY to 13.75 billion yen, and net income attributable to owners of the parent declined 35.0% YoY to 7.82 billion yen. These results were affected by the ongoing uncertainty in the global economy and soaring raw material prices. Segment-wise, sales and profits increased in Functional Materials, Fibers, and Trading, while sales profit declined in Vinyl Acetate due to price adjustments and other factors.

Financial Condition and Dividend Status

Total assets increased to 1,316.053 billion yen, and net assets amounted to 752.904 billion yen, with the equity ratio slightly decreasing to 56.2% from 57.0% YoY. For FY2026, the annual dividend forecast is set at 64 yen total, comprising 54 yen ordinary dividend and 10 yen commemorative dividend, reflecting an increase from the previous year. The share buyback program concluded on March 23, 2026, and on May 13, 2026, the company decided to cancel 5.83 million treasury shares.