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ZEON surges on better-than-expected earnings for fiscal year ending March 2026
ZEON CORPORATION <4205> surged sharply. The company announced its consolidated financial results for the fiscal year ending March 2026 around midday, reporting sales of 411,966 million yen (down 2.1% year-on-year) and operating profit of 36,377 million yen (up 24.1% year-on-year). The results exceeded the company's previous forecast (sales of 407,500 million yen, operating profit of 31,000 million yen), which appears to have been well received by the market.
In its core Elastomer Materials business segment, which handles synthetic rubber and chemical products, the company has been emphasizing profitability and advancing global production and sales operations. In its High-Performance Materials business segment, which handles high-performance resins and battery materials, ZEON has been working on developing high value-added new products and expanding its business. For the fiscal year ending March 2027, the company forecasts sales of 405,000 million yen (down 1.7% year-on-year) and operating profit of 38,000 million yen (up 4.5% year-on-year). The dividend forecast is set at 79 yen (compared to 76 yen in the previous fiscal year).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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