Central Glass (4044) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2026 reached 37,763 million yen, up 13.2% year-over-year, driven by growth in Electronic Materials, Energy Materials, and Applied Chemicals, despite lower Medi-Chemicals sales and supported by proactive sales and efficiency improvements.

• Operating profit rose to 3,958 million yen, an increase of 149.4% year-over-year, mainly from Electronic Materials and Applied Chemicals.

• Ordinary profit and profit before income taxes both increased to 4,875 million yen, up 173.7% year-over-year.

• Profit attributable to owners of parent surged to 3,906 million yen, up 368.3% year-over-year.

• Comprehensive income for Q1 FY2026 was 6,664 million yen, up from 541 million yen a year earlier.

Financial highlights

• Gross profit increased from 8,688 million yen to 11,240 million yen year-over-year.

• R&D expenses remained flat at 1,900 million yen.

• Exchange rate shifted from 145 to 160 JPY/USD; crude oil price rose from $72.6 to $104.3 per barrel.

• Total assets increased to 201,798 million yen, with net assets up to 132,509 million yen.

• Interest-bearing debt decreased by 1,106 million yen to 28,800 million yen.

Outlook and guidance

• Full-year net sales forecast revised upward to 167,500 million yen, up 15.9% year-over-year and 3,500 million yen from initial guidance.

• Full-year operating profit forecast raised to 11,000 million yen, up 9.7% year-over-year and 1,000 million yen from initial guidance.

• Profit attributable to owners of parent expected to decrease 4.3% to 8,000 million yen.

• Upward revisions reflect strong sales trends, especially in specialty gases for Electronic Materials, despite some weakness in Energy Materials.

• Annual dividend forecast set at 170 yen per share, the highest in company history.