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Konoshima Chemical surges in afternoon session as fiscal April 2026 net profit beats forecast

Wed Jun 3, 2026 2:53 pm JST Catalyst

Konoshima Chemical Co.,Ltd. <4026> shares surged in afternoon trading. The company announced at around 2:30 p.m. on June 3 that its standalone results for the fiscal year ended April 2026 beat previous forecasts. Revenue rose to 28 billion yen, up 2.2% year-on-year, compared with its prior estimate of 27.7 billion yen, while operating profit grew to 2.68 billion yen, up 50.1% year-on-year, against 2.4 billion yen. Net profit climbed to 1.85 billion yen, up 29.1% year-on-year, against 1.6 billion yen, drawing buying interest. According to Konoshima Chemical, the outperformance was primarily driven by a 262 million yen reversal of retirement benefit provisions, resulting from a one-time adjustment of actuarial differences after the discount rate for retirement benefit obligations was raised to 2.64% from 1.06% to reflect higher market interest rates at the fiscal year-end.

Source: MINKABU PRESS

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

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