【Shikoku Chemical】2026 Q1 Earnings｜Sales of 198.7 billion yen (+18.2% YoY)

Performance Overview

Shikoku Chemical’s 2026 Q1 saw net sales rise by 18.2% to 198.7 billion yen, with operating income increasing by 39.6% to 42.4 billion yen, reaching a record high. The strong performance in the fine chemicals sales within the chemical products segment and favorable exchange rate effects contributed to net income attributable to owners of parent increasing by 58.0% YoY to 30.4 billion yen. Both the chemical and building materials segments achieved increased sales and profits, contributing to overall earnings growth.

Future Outlook and Shareholder Returns

For the full year 2026 forecast, sales are expected to reach 88.0 billion yen (planned +10.0%), with operating income of 14.4 billion yen (approximately flat compared to plan). Monitoring currency and Middle East geopolitical factors closely, the company plans to return value to shareholders through a dividend of 60 yen per share and share buybacks, aiming to improve capital efficiency and corporate value. In the medium to long term, maintaining an ROE of 10% or higher is prioritized, balancing growth investments with shareholder returns.