Dexerials (4980) Q1 2027 earnings summary

Executive summary

• FY26Q1 net sales reached 27.1 billion JPY, up 4.0% YoY, with business profit at 8.2 billion JPY, both increasing due to FX gains and strong optical semiconductor and smartphone adhesive sales, despite ARF declines.

• Operating profit increased 7.5% YoY to 8,588 million JPY; profit attributable to owners of parent rose 12.1% YoY to 6,241 million JPY.

• Growth was driven by higher shipments of optical semiconductors for data centers and increased production of adhesives and ACF for high-end smartphones, offsetting ARF declines in laptops, automotive, and displays.

Financial highlights

• Net sales rose 4.0% YoY to 27,182 million JPY; business profit up 4.8% YoY to 8,275 million JPY; operating profit up 7.5% YoY to 8,588 million JPY.

• Net profit grew 12.1% YoY to 6,241 million JPY; basic EPS up 12.4% YoY to 37.25 Yen.

• EBITDA rose 5.6% YoY to 10,212 million JPY; EBITDA margin improved to 37.6%.

• Total assets increased to 177,090 million JPY; total equity rose to 111,430 million JPY.

Outlook and guidance

• FY26 full-year forecast maintained: net sales of 123.0 billion JPY and business profit of 40.0 billion JPY, both expected to increase YoY.

• No change to segment or consolidated guidance; progress aligns with annual targets despite expected seasonality shifts.

• Annual dividend forecast raised to 64.0 Yen per share, with a total payout ratio of approximately 60% over five years.