Chip materials power the gains
Resonac Holdings Corporation (TSE: 4004) reported consolidated results under IFRS for the first nine months of FY12/2026, January 1 to September 30, 2026, on November 11, 2026. Petrochemicals subsidiary Crasus Chemical, partially spun off on October 1, is now shown as a discontinued operation, and prior-year figures were restated. Semiconductor & Electronic Materials revenue rose 36.9% to ¥500,750 million and core operating profit 114.4% to ¥158,626 million: front-end materials grew as memory markets recovered, back-end materials sold more for AI and other advanced chips, hard-disk media benefited from data-center demand and SiC epitaxial wafers grew.
Mobility core operating profit rose to ¥4,843 million despite the sale of its automotive moulded-parts business, Innovation Enabling Materials rose 18.1% to ¥9,559 million and Chemicals returned to a profit of ¥1,518 million from a loss of ¥7,399 million. Operating profit rose to ¥148,350 million from ¥18,354 million as last year's impairment losses tied to decisions to sell businesses such as Fiamm Energy Technology did not recur. Shareholders received one Crasus Chemical share for each Resonac share in a dividend in kind with a record date of September 30. The equity ratio rose to 35.7%.
Core target up, bottom line down
Resonac now expects FY12/2026 revenue of ¥1,235,000 million (+18.0%) and core operating profit of ¥250,000 million (+139.4%), up from ¥1,165,000 million and ¥196,000 million, but cut its operating profit forecast to ¥115,000 million from ¥160,000 million and net profit attributable to owners to ¥75,000 million from ¥112,500 million, referring to a separate revision notice for the assumptions. The year-end dividend forecast of ¥65 is unchanged.
| Metric | 9M FY12/2026 | 9M FY12/2025 | Change |
|---|---|---|---|
| Revenue (¥ million) | 871,853 | 763,486 | +14.2% |
| Core operating profit (¥ million) | 164,137 | 69,505 | +136.2% |
| Operating profit (¥ million) | 148,350 | 18,354 | +708.3% |
| Pre-tax profit (¥ million) | 144,475 | 16,417 | +780.0% |
| Net profit attrib. to owners of parent (¥ million) | 94,640 | 6,036 | +1,467.9% |
| EPS (¥) | 513.96 | 33.37 | +1,440.2% |
| Semiconductor & Electronic Materials — revenue (¥ million) | 500,750 | 365,672 | +36.9% |
| Semiconductor & Electronic Materials — core operating profit (¥ million) | 158,626 | 73,986 | +114.4% |
| Mobility — core operating profit (¥ million) | 4,843 | 2,032 | +138.3% |
| Innovation Enabling Materials — core operating profit (¥ million) | 9,559 | 8,091 | +18.1% |
| Chemicals — core operating profit (¥ million) | 1,518 | -7,399 | loss to profit |
| Total assets (¥ million) | 2,173,299 | 2,106,723 | +3.2% |
| Equity attrib. to owners of parent (¥ million) | 775,817 | 698,852 | +11.0% |
| Equity ratio | 35.7% | 33.2% | +2.5 pt |
| FY12/2026 guidance — revenue (¥ million) | 1,235,000 | — | +18.0% |
| FY12/2026 guidance — core operating profit (¥ million) | 250,000 | — | +139.4% |
| FY12/2026 guidance — operating profit (¥ million) | 115,000 | — | +172.1% |
| FY12/2026 guidance — net profit (¥ million) | 75,000 | — | +158.3% |
| Annual dividend per share (¥) | 65.00 | 65.00 | unchanged |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.