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Sumitomo Bakelite Company surges in afternoon session to record high as fiscal 2026 net profit exceeds forecast

Mon May 11, 2026 1:19 pm JST Catalyst

SUMITOMO BAKELITE COMPANY LIMITED <4203> surged in afternoon trade to hit a fresh all-time high. Around 11:30 a.m. today, the company reported revenue of 319.867 billion yen (up 5.0% year-on-year) for the fiscal year ended March 2026, exceeding its previous guidance of 316.5 billion yen. Net profit jumped 45.3% to 28.014 billion yen, surpassing the forecast of 25.5 billion yen. The upward revision fueled strong buying interest, as the core semiconductor-related materials segment saw significant growth driven by AI applications and robust demand in China.

Sumitomo Bakelite also disclosed its earnings forecast for the fiscal year ending March 2027, projecting revenue of 337 billion yen (up 5.4% year-on-year) and net profit of 28.5 billion yen (up 1.7%). The company expects growth across all business segments, led by its semiconductor-related materials unit, which is poised to benefit from expanding AI server demand. The annual dividend forecast was raised to 120 yen from 110 yen in the prior year.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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