1
F e b r u a r y 5 , 2 0 2 6Program
- Summary
- Financial Results
- Net Sales and Operating Income by Segment (Y on Y Analysis)
- Segment Information (Y on Y)
- Segment Information (Progress on 2nd Half-year Forecasts)
- Balance Sheet
- Appendix
Summary - 3Q (Apr. to Dec.) of FY2026/3 Financial Results
【Net Sales】Decreased | ||
FY2026/3 3Q Result (Y on Y) | (+) Sales of airbag inflators increased in the Safety Business, primarily in China and India. | |
Net Sales 424.8 bn yen | (-1.8%) | (−) In the Materials Business, acetate tow demand from major customers remained stable, but sales decreased due to inventory adjustments among local customers. |
Operating Income 32.4 bn yen | (-25.0%) | 【Operating Income】Decreased |
EBITDA 64.0 bn yen Income Attributable 35.7 bn yen to Owners of Parent Exchange Rate USD/JPY: 149 yen (FY2025/3 3Q USD/JPY: 153 yen) | (-12.9%) (-18.9%) | (+) Impact of productivity improvements at the U.S. production site of the Safety business and cost reductions in China. (−) Impact of carried over inventory from the previous fiscal year in the Materials business and increased depreciation expenses due to the operation of the new plant of Engineering Plastics business. |
Summary - 3Q (Apr. to Dec.) of FY2026/3 Financial Results
Progression Rate of Full-year Forecasts
Progression rate of full-
【3Q Sales Revenue】Fell Short of the Plan* (*Non-disclosed 3Q forecast)
(+) Foreign exchange impact
(+) In the Engineering Plastics business, sales of LCP and PPS exceeded plans, primarily due to strong demand for AI servers. For POM sales, sales volume increased as we strategically
Full-year forecast* year forecast
lowered prices in the Chinese market while closely monitoring competitors' pricing trends.
Net Sales 583.0 bn yen (72.9%)
Operating Income 46.5 bn yen (69.8%)
EBITDA 89.5 bn yen (71.5%)
(−) Sales timing for acetate tow in the Materials business was postponed to the next fiscal year.
【3Q Operating Income】Exceeded the Plan* (*Non-disclosed 3Q forecast)
Income Attributable to Owners of Parent
50.0 bn yen (71.4%)
(+)Cost reduction effects in the Safety Business and foreign exchange impact
(−) Decrease in sales of acetate tow
Exchange Rate (forecast) USD/JPY: 146 yen
*These forecasts were announced on November 6, 2025.
【Impact on Full-Year Forecast】
The CO plant trouble that occurred in January 2026 has been resolved, with operations restarted on January 20, 2026 (financial impact: approx. ¥1.0 billion).
For the impact of U.S. tariffs on the Safety Business, price pass-through is being
implemented as planned with a six-month delay.
Financial Results
25/3 3Q Result | 26/3 3Q Result | Y on Y | Full-year Forecast* | Progression Rate of Full-year Forecast* | |||
Unit：Billion Yen | Change | % | |||||
Net Sales | 432.5 | 424.8 | -7.7 | -1.8% | 583.0 | 72.9% | |
Operating Income | 43.2 | 32.4 | -10.8 | -25.0% | 46.5 | 69.8% | |
Ordinary Income | 44.8 | 33.9 | -10.9 | -24.3% | 47.5 | 71.3% | |
Profit attributable to owners of parent | 44.0 | 35.7 | -8.3 | -18.9% | 50.0 | 71.4% | |
Exchange Rate USD/JPY | 153 | 149 | |||||
71.5%
89.5
E B I T D A | 73.5 | 64.0 | -9.5 | -12.9% |
*These forecasts were announced on November 6, 2025.