UBE (4208) Q1 2027 earnings summary

Executive summary

• Net sales for April–June 2026 were ¥121.9 billion, up from ¥100.5 billion year-over-year, reflecting strong top-line growth driven by the Urethane Systems Business, Specialty Products, and price increases in Polymers & Chemicals.

• Operating profit rose 81.5% to ¥11.3 billion, while ordinary profit grew more than operating profit due to improved equity-method earnings.

• Profit attributable to owners of parent increased 123.6% to ¥7.7 billion, though some sources note a slight decline due to higher income taxes.

• Comprehensive income for the quarter was ¥5.6 billion, up 88.6% year-over-year.

• Inventory valuation changes from rising raw material prices contributed to profit growth; earnings forecast remains unchanged pending further progress.

Financial highlights

• Net sales increased 21.3% year-over-year to ¥121.9 billion; operating profit rose 88.6% to ¥5.6 billion.

• EBITDA grew 45.3% to ¥13.0 billion; ordinary profit surged 81.5% to ¥11.3 billion.

• Profit attributable to owners of parent decreased 3.9% to ¥4.2 billion due to higher taxes, though another source reports an increase to ¥7.7 billion.

• Net income per share was ¥43.15, down from ¥44.90 in the prior year.

• Shareholders' equity ratio at 46.7%; total assets at ¥939.9 billion as of June 30, 2026.

Outlook and guidance

• Full-year net sales forecast is ¥485.0 billion, with 1Q progress at 25.1%.

• Operating profit forecast is ¥23.5 billion, with 1Q progress at 23.6%.

• Profit attributable to owners of parent is forecast at ¥24.5 billion, a 2.6% increase year-over-year.

• Net income per share for the full year is projected at ¥252.20.

• Annual dividend forecast for FY2026 is ¥160 per share, with a DOE target of 3.5% or higher, aiming for 4.0% in the future.