For the Fiscal Year Ending March 2027, First Quarter Consolidated Financial Results [Japanese Standards] (Consolidated)

Overview of Operating Results

Despite uncertainties in the domestic economy, our group is driving higher value-added and high-functionality products through price revisions and cost reductions. While first-quarter sales declined year over year, profits improved significantly. Operating income rose 46.4% YoY, ordinary income increased by 135.7%, and net income attributable to owners of the parent surged by 211.3%. Contributions came from foreign exchange effects and a weaker yen, as well as reduced interest burden from structural reforms. By segment, polymers posted higher sales and profits, functional materials saw revenue declines but margin improvements, and others declined due to exit effects.

Outlook and Financial Position

Full-year guidance remains unchanged. Cash and equivalents declined due to lower total assets and decreases in accrued corporate taxes. Equity increased, and we will continue securing raw materials and expanding suppliers. Dividends remain suspended. For each segment, we will continue to promote higher-functionality product sales and cost reductions, taking market trends into account.