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KOEI CHEMICAL shares extend losses in afternoon session on expected shift to net loss due to impairment of multipurpose plant

Tue Mar 31, 2026 1:51 pm JST Catalyst

KOEI CHEMICAL COMPANY,LIMITED <4367> extended its decline in the afternoon session. Around 1:00 p.m. today, the company announced revisions to its non-consolidated earnings forecast for the fiscal year ending March 2026. Sales guidance was lowered from the previous forecast of \18.0 billion to \17.0 billion (down 15.1% year-on-year), while net income guidance was revised from a profit of \30 million to a loss of \5.4 billion (compared to a profit of \288 million in the previous fiscal year). Selling emerged in reaction to the shift to a net loss. The company left its operating income forecast unchanged.

Sales of organometallic catalysts and other products are expected to fall short of the previous forecast. Regarding net income, the company will book an impairment loss of \6.5 billion on its multipurpose plant that manufactures custom synthesis products such as pharmaceutical and agrochemical intermediates, organometallic catalysts, and optical materials, as well as functional products including ionic liquids. Demand for catalysts used in contract manufacturing of organometallic catalysts for the petrochemical industry has declined significantly due to oversupply of petrochemical products resulting from increased production capacity in China. Uncertainty has also increased for demand for some other contract products, including optical materials.

Source: MINKABU PRESS

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