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Kuraray (3405) investor relations material
Kuraray Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales rose 7.8% year-over-year to ¥431,035 million for the six months ended June 30, 2026, with operating income up 9.8% to ¥28,839 million and net income attributable to owners up 1.4% to ¥14,230 million, supported by product price revisions and yen depreciation amid higher raw material and fuel costs.
Comprehensive income improved significantly to ¥31,970 million from a loss of ¥17,652 million in the prior year period.
Full-year FY2026 forecasts were revised upward, reflecting strong interim results and current business trends.
Organizational reform shifted Electronics Materials Promotion Division from “Others” to “Functional Materials.”
Financial highlights
1H FY2026 net sales: ¥431.0B (+¥31.1B YoY); operating income: ¥28.8B (+¥2.6B YoY); net income: ¥14.2B (+¥0.2B YoY).
Gross profit increased to ¥128,987 million from ¥117,764 million year-over-year.
Operating cash flow increased to ¥59.0B; free cash flow turned positive at ¥3.0B.
Total assets as of June 30, 2026: ¥1,350.8B; equity ratio: 55.9%.
Cash and deposits rose to ¥122,060 million.
Outlook and guidance
FY2026 full-year forecast: net sales ¥880.0B, operating income ¥70.0B, net income ¥40.0B, EPS ¥132.76, dividend per share ¥64 (including ¥10 commemorative dividend).
ROIC forecast at 6%, ROE at 5%, EBITDA margin at 18%.
Annual dividend forecast unchanged, including commemorative dividend for 100th anniversary.
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Q2 2026
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