DenkaDenka Company Limited4061東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Denka FY ending Mar 2026 results

About 32% of Denka's sales come from Polymer Solutions, with Electronics and Innovative Products and Elastomers and Infrastructure Solutions making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed -4.0% from the prior year, operating profit +82.0%.

Revenue and profit pattern

Revenue down, profit up

Revenue -4.0% · profit +82.0%, calculated from disclosed figures.

Operating leverage: -20.50× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: -4.0%¥400.3B → ¥384.2B
Gross profit: +11.4%¥84.6B → ¥94.3B
Operating income: +82.0%¥14.4B → ¥26.2B
Net income attributable to owners: Back to profit-¥12.3B → ¥15.7B
Operating cash flow: +94.2%¥18.6B → ¥36.2B
Free cash flow: Loss-¥41.2B → -¥31.5B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥384.2B, down -4.0% from ¥400.3B.
Profit moved the other way: operating income rose +82.0% from ¥14.4B to ¥26.2B, and gross profit grew +11.4%.
Net income went from a -¥12.3B loss to a ¥15.7B profit.
Operating cash flow rose +94.2% to ¥36.2B, but capital spending of ¥67.6B kept free cash flow negative at -¥31.5B.

What drove the change

Sales dipped because the company cut selling prices as raw material and fuel costs fell.
Demand for AI chips and power grid equipment lifted sales of spherical silica, spherical alumina and other electronic materials.
Halting the high-cost chloroprene rubber plant in the US improved the elastomer unit's results. At the bottom line, gains from selling factory land and shareholdings outweighed a special loss tied to that US subsidiary.

Things to watch

Results depend on demand from carmakers and electronics makers, on raw material prices, on exchange rates, and on tariffs.
If business conditions worsen sharply, the company may have to book impairment losses on its plants and other fixed assets.
Tighter environmental rules, including Japan's new emissions trading scheme, could raise costs.

Annual securities report (167th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (167th term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Denka sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥75
SG&A: ¥18
Operating profit: ¥7
Net profit kept: ¥4

Annual margin trends

Gross margin24.5%

Operating margin6.8%

Net margin4.1%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Polymer Solutions¥124.2B
32%
Op. margin 2.9%Industry: Chemicals
Electronics and Innovative Products¥104.4B
27%
Op. margin 13.3%Industry: Electronic Components
Elastomers and Infrastructure Solutions¥97.6B
25%
Op. margin 0.1%Industry: Chemicals
Life Innovation¥40.5B
11%
Op. margin 15.4%Industry: Pharmaceuticals
Other¥17.6B
5%
Op. margin 13.8%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第167期(2025/04/01－2026/03/31)
ID S100YCU02026-06-17Open
EDINET (FSA Japan)
有価証券報告書－第166期(2024/04/01－2025/03/31)
ID S100VZX72025-06-19Open
EDINET (FSA Japan)
有価証券報告書－第165期(2023/04/01－2024/03/31)
ID S100TO952024-06-20Open
EDINET (FSA Japan)
有価証券報告書－第164期(2022/04/01－2023/03/31)
ID S100R0XG2023-06-22Open
EDINET (FSA Japan)
有価証券報告書－第163期(令和3年4月1日－令和4年3月31日)
ID S100OC2H2022-06-22Open
EDINET (FSA Japan)
有価証券報告書－第162期(令和2年4月1日－令和3年3月31日)
ID S100LM7D2021-06-22Open

Extracted from XBRL: 54 / Derived from other figures: 2

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