TokuyamaTokuyama Corporation4043東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Tokuyama FY ending Mar 2026 results

About 30% of Tokuyama's sales come from Chemicals, with Electronic and Advanced Materials and Cement making up much of the rest.

Out of every ¥100 of sales, about ¥11 is left as operating profit.

Revenue changed +1.9% from the prior year, operating profit +23.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +1.9% · profit +23.5%, calculated from disclosed figures.

Operating leverage: 12.60× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+1.9%¥343.1B → ¥349.5B
Gross profit
+15.5%¥108.1B → ¥124.9B
Operating income
+23.5%¥30B → ¥37B
Net income attributable to owners
-5.1%¥23.4B → ¥22.2B
Operating cash flow
-2.6%¥52.4B → ¥51B
Free cash flow
-26.5%¥29.8B → ¥21.9B

Results at a glance

  • Revenue for the year ending March 2026 was ¥349.5B, up just +1.9%.
  • Profit grew much faster: gross profit rose +15.5% and operating income rose +23.5% to ¥37B.
  • Net income attributable to owners, however, slipped -5.1% to ¥22.2B.
  • Free cash flow also fell, from ¥29.8B to ¥21.9B.

What drove the change

  • Semiconductor-related products such as polysilicon and heat-dissipation materials sold well, lifting profit in Electronic and Advanced Materials sharply.
  • Lower manufacturing costs reduced cost of revenue; cement profit also rose on domestic price increases and cost cuts.
  • Net income was held back by a provision for losses on a long-term, non-cancellable power purchase contract and by higher tax expense after a reassessment of deferred tax assets.

Things to watch

  • Conflict in the Middle East has disrupted supplies of oil and other raw materials and fuels; tight supply or sharp cost increases would hurt results.
  • Because it runs coal-fired power plants, carbon pricing and the shift to cleaner energy could raise its energy costs.
  • Long-term loans and commercial paper increased, so changes in interest rates and exchange rates could affect earnings and its balance sheet.

Annual securities report / 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 / 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 Tokuyama sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥64
SG&A
¥25
Operating profit
¥11
Net profit kept
¥6

Annual margin trends

Gross margin35.8%
FY ending Mar 2021: 31.5%31.5%FY ending Mar 2022: 32.5%32.5%FY ending Mar 2023: 25.8%25.8%FY ending Mar 2024: 29.1%29.1%FY ending Mar 2025: 31.5%31.5%FY ending Mar 2026: 35.8%35.8%FY21FY22FY23FY24FY25FY26
Operating margin10.6%
FY ending Mar 2021: 10.2%10.2%FY ending Mar 2022: 8.4%8.4%FY ending Mar 2023: 4.1%4.1%FY ending Mar 2024: 7.5%7.5%FY ending Mar 2025: 8.7%8.7%FY ending Mar 2026: 10.6%10.6%FY21FY22FY23FY24FY25FY26
Net margin6.4%
FY ending Mar 2021: 8.1%8.1%FY ending Mar 2022: 9.5%9.5%FY ending Mar 2023: 2.7%2.7%FY ending Mar 2024: 5.2%5.2%FY ending Mar 2025: 6.8%6.8%FY ending Mar 2026: 6.4%6.4%FY21FY22FY23FY24FY25FY26

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

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)

    訂正有価証券報告書-第162期(2025/04/01-2026/03/31)

    ID S100YY702026-08-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第161期(2024/04/01-2025/03/31)

    ID S100WL9E2025-08-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第160期(2023/04/01-2024/03/31)

    ID S100TSZ62024-06-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第159期(2022/04/01-2023/03/31)

    ID S100RDRH2023-07-12Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第158期(令和3年4月1日-令和4年3月31日)

    ID S100OI832022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第157期(令和2年4月1日-令和3年3月31日)

    ID S100LIP12021-06-28Open

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

Spotted an error? Report it (corrections keep the original record)

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.