Financial Results for the Term Ended March 31, 2026 [According to IFRS] (Consolidated)
Name of Listed Company UACJ Corporation Stock Exchange Listings Tokyo
Code Number 5741 URL https://www.uacj.co.jp/english/ Representative (Title) Representative Director, President
(Name) Shinji Tanaka
Contact Person (Title) General Manager, Accounting Department, Finance and Accounting Division (Name) Tomohiro Nagata Phone +81-3-6202-2600
May 14, 2026
Scheduled Date for Ordinary General Meeting of Shareholders
June 19, 2026
Scheduled Date of Dividend Distribution
June 22, 2026
Scheduled Date for Submitting Financial Statements June 18, 2026 Supplementary materials available on financial results: Yes
Financial results briefing: Yes (For institutional investors and securities analysts)
Note: Figures have been rounded to the nearest million yen.
Consolidated Business Performance for the Term Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
Consolidated business performance (% indicates year-on-year change)
Revenue
Operating income
Profit before tax
Profit
Profit attributable to owners of parent
Total comprehensive income
Fiscal year ended
¥million
%
¥million
%
¥million
%
¥million
%
¥million
%
¥million
%
March 31, 2026
1,181,716
18.3
76,863
34.0
63,687
48.0
47,444
44.1
38,882
39.0
73,995
90.7
March 31, 2025
998,781
11.9
57,361
82.8
43,028
95.9
32,933
100.7
27,979
101.9
38,810
(7.7)
Basic earnings per share
Diluted earnings per share
Ratio of equity
attributable to owners of parent
Profit before tax ratio－ Total assets
Revenue－ sales ratio
Fiscal year ended
¥
¥
%
%
%
March 31, 2026
214.75
-
12.2
6.1
6.5
March 31, 2025
146.49
-
9.9
4.6
5.7
(Reference) Profit based on equity-method investment for the fiscal year ended March 31, 2026: ¥ 2,139 million.
For the fiscal year ended March 31, 2025: ¥ 1,672 million. (Note) The Company conducted a 4-for-1 split of its common shares with an effective date of October 1, 2025.
Basic earnings per share has been calculated on the assumption that the share split occurred at the beginning of
the previous fiscal year.
Consolidated financial position
Total assets
Total equity
Equity attributable to owners of parent
Ratio of equity attributable to owners of parent to total assets
Equity attributable to owners of parent per share
As of:
¥million
¥million
¥million
%
¥
March 31, 2026
1,121,225
384,866
346,973
30.9
1,916.24
March 31, 2025
970,006
319,588
290,622
30.0
1,605.34
(Note) The Company conducted a 4-for-1 split of its common shares with an effective date of October 1, 2025.
Equity attributable to owners of parent per share has been calculated on the assumption that the share split occurred at the beginning of the previous fiscal year.
Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Outstanding balance of cash and cash equivalent as of
the end of term
Fiscal year ended: March 31, 2026
March 31, 2025
¥million
¥million
¥million
¥million
64,023
(59,525)
25,435
58,442
9,119
(36,873)
12,485
26,329
Dividends
Annual dividends
Total cash dividends (Total)
Payout ratio (consolidated)
Payout ratio of equity attributable to owners of parent
(consolidated)
1st quarter
2nd quarter
3rd quarter
Year-end
Total
Year ended/ending
¥
¥
¥
¥
¥
¥million
%
%
March 31, 2025
-
70.00
-
80.00
150.00
6,999
25.6
2.5
March 31, 2026
-
80.00
-
35.00
-
9,959
25.6
3.1
March 31, 2027 (Forecast)
-
29.00
-
29.00
58.00
37.5
(Notes) 1 The Company conducted a 4-for-1 split of its common shares with an effective date of October 1, 2025. The total annual dividend for the fiscal year ended March 31, 2026, is not stated because it cannot be calculated by simple addition. Without considering the stock split, the year-end dividend is ¥140.00 per share and the annual dividend is ¥220.00 per share for the fiscal year ended March 31, 2026.
2 We have revised our year-end dividend for the fiscal year ended March 31, 2026, from ¥25 per share to ¥35 per share. For details, please see the "Notice Regarding Differences Between Full-year Consolidated Earnings Forecasts and Actual Results and Regarding Dividends of Surplus (Dividend Increase)" released today (May 14, 2026).
Forecast for Consolidated Business Performance in the Term Ending March 31, 2027 (from April 1, 2026 to March 31, 2027)
(% indicates year-on-year change)
Revenue
Operating income
Profit attributable to owners of parent
Basic earnings per share
Full year
¥million
1,300,000
%
10.0
¥million
64,000
%
(16.7)
¥million
28,000
%
(28.0)
¥
154.64
(Note) For details, please refer to "1. Overview of Business Performance (1) Overview of business performance in fiscal year under review 2) Outlook" on page 2 of the attached materials.
Notes
Significant changes in the scope of consolidation during the period: None
Changes in accounting policies, changes in estimates
Changes in accounting policies required by IFRS: None
Changes in accounting policies other than a. above: None
Changes in accounting estimates: None
Number of shares outstanding (common stock)
As of March 31, 2026
185,312,772 shares
As of March 31, 2025
185,312,772 shares
As of March 31, 2026
4,243,467 shares
As of March 31, 2025
4,278,320 shares
For the fiscal year
ended March 31, 2026
181,060,695 shares
For the fiscal year
ended March 31, 2025
190,995,771 shares
Number of shares issued at the end of the period (including treasury stock)
Number of shares of treasury stock at the end of the period
Average number of shares outstanding during the period
(Note) The Company conducted a 4-for-1 split of its common shares with an effective date of October 1, 2025. The number of shares outstanding (common stock) has been calculated on the assumption that the share split occurred at the beginning of the previous fiscal year.
(Reference) Overview of non-consolidated business performance
Non-consolidated Business Performance for the Term Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
Non-consolidated business performance (% indicates year-on-year change)
Revenue
Operating income
Ordinary income
Net income
Fiscal year ended
¥million
%
¥million
%
¥million
%
¥million
%
March 31, 2026
406,209
16.7
8,590
(14.7)
10,546
19.0
7,794
(24.0)
March 31, 2025
348,089
18.7
10,071
486.3
8,862
157.7
10,256
268.4
Earnings per share
Diluted earnings per share
Fiscal year ended
¥
¥
March 31, 2026
43.05
-
March 31, 2025
53.70
-
(Note) The Company conducted a 4-for-1 split of its common shares with an effective date of October 1, 2025.
Earnings per share has been calculated on the assumption that the share split occurred at the beginning of the previous fiscal year.
Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of: | ¥million | ¥million | % | ¥ |
March 31, 2026 | 653,432 | 190,305 | 29.1 | 1,051.01 |
March 31, 2025 | 596,506 | 188,100 | 31.5 | 1,039.03 |
(Reference) Total equity As of March 31, 2026 190,305 million yen As of March 31, 2025 188,100 million yen (Notes) 1. Japanese Accounting Standards are applied to the above non-consolidated financial data.
2. The Company conducted a 4-for-1 split of its common shares with an effective date of October 1, 2025.
Net assets per share has been calculated on the assumption that the share split occurred at the beginning of the previous fiscal year.
*These financial results are outside the scope of auditing by certified public accountants or accounting auditors.
*Explanation pertaining to appropriate use of information concerning future forecasts
The operating results forecasts and certain other statements contained in this document are forward-looking
statements that are rationally determined based on information available to the UACJ Group at the time the results were announced. Actual performance may differ substantially from these projections due to fluctuations in the economy or a variety of other known and unknown factors.
List of attachments
Overview of Business Performance 2
Overview of business performance in fiscal year under review 2
2
Overview of financial condition in the fiscal year under review…………………………………………………………………………………………………………………
Basic Perspective on Selection of Accounting Standards 3
Consolidated Financial Statements and Main Notes 4
Consolidated Statements of Financial Position 4
Consolidated Statements of Income and Comprehensive Income…………………………………………… 6
(Consolidated Statements of Income) 6
(Consolidated Statements of Comprehensive Income) ………………………………………………………… 7
Consolidated Statement of Changes in Equity 8
Consolidated Statements of Cash Flows 10
Notes to the Consolidated Financial Statements 11
(Notes on the Assumption of a Going Concern) 11
(Segment Information) 11
(Matters Related to the Consolidated Statements of Income) 11
(Per-Share Information) 11
(Subsequent Events) 11
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Overview of Business Performance
The following forward-looking statements are based on judgments made as of March 31, 2026.
Overview of business performance in fiscal year under review
Business performance in fiscal year under review
As of March 31, 2025 (¥million)
As of March 31, 2026 (¥million)
Change (¥million)
Rate of change (%)
Revenue
998,781
1,181,716
182,935
18.3
Business profit
45,882
48,184
2,302
5.0
Operating income
57,361
76,863
19,503
34.0
Profit attributable
to owners of parent
27,979
38,882
10,903
39.0
(Note) Business profit is calculated by deducting the impact of inventories, as well as temporary and extraordinary material income, from operating income.
During the fiscal year under review, the global economy continued to experience a sustained recovery. However, the outlook for the environment in which the Group operates remains uncertain due to factors such as accelerating inflation, with sharp increases in resource and energy prices, as a result of changes in U.S. tariff policies and escalating tensions in the Middle East.
In the aluminum products industry, demand for sheet materials in Japan declined slightly year on year, due to factors such as reduced demand for aluminum cans resulting from price increases for soft drinks and alcoholic beverages, along with the shift toward lighter cans.
Regarding the Group's domestic sales volume, sales of sheet materials declined slightly year on year due to a decrease in domestic demand. On the other hand, overseas sales volume increased year on year at Tri-Arrows Aluminum Inc. and UACJ (Thailand) Co., Ltd., supported by strong demand for can stock. As a result of these factors, the Group's sales volume of sheet products increased overall year on year.
In this environment, the Group's business performance was driven by factors such as an increase in sales volume and rising aluminum ingot prices, resulting in consolidated revenue of ¥1,181,716 million (up 18.3% year on year). Regarding income, business profit was ¥48,184 million (up 5.0% year on year), consolidated operating income was
¥76,863 million (up 34.0% year on year), and profit attributable to owners of the parent was ¥38,882 million (up 39.0% year on year).
Outlook
Regarding our forecast of the consolidated business performance in the fiscal year ending March 31, 2027, we forecast consolidated revenue of ¥1,300,000 million, consolidated operating income of ¥64,000 million, and ¥28,000 million of profit attributable to owners of the parent.
Overview of financial condition in the fiscal year under review
Status of Assets, Liabilities, and Equity
Total assets as of March 31, 2026, amounted to ¥1,121,225 million (up 15.6% from March 31, 2025) mainly due to an increase in inventories resulting from the rise in aluminum ingot prices. Total liabilities were up 13.2%, to ¥736,360 million.
Total equity was up 20.4%, to ¥384,866 million, due to the recording of profit attributable to owners of the parent, among other factors.
Cash Flows
Cash and cash equivalents ("cash") at the end of the consolidated fiscal year increased ¥32,113 million over the end of the previous fiscal year to ¥58,442 million.
The status of each type of cash flow in the fiscal year ended March 31, 2026 and the main reasons therefor were as follows.
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