KUMIAI CHEMICAL surges in late afternoon trading as interim operating profit turns positive
KUMIAI CHEMICAL INDUSTRY CO.,LTD. <4996> shares surged in late afternoon trading on Tuesday. Around 3:00 p.m. Tuesday, KUMIAI CHEMICAL INDUSTRY announced that its consolidated financial results for the second quarter of the fiscal year ending October 2026 (November 2025 to April 2026) outpaced its previous forecasts, with revenue rising to 102.90 billion yen from the prior estimate of 92.80 billion yen (up 7.00% year-on-year), operating profit increasing to 10.40 billion yen from 6.10 billion yen (up 10.10% year-on-year), and net profit climbing to 8.70 billion yen from 4.40 billion yen (up 38.70% year-on-year). Each profit metric turned from a projected decline to growth, fueling buying interest on positive sentiment toward business conditions.
Sales in the chemical products segment performed strongly, while in the agrochemicals and agriculture-related business, shipments of flagship product Axeev were brought forward due to promotional activities ahead of generic product entry into the U.S. market. KUMIAI CHEMICAL INDUSTRY expects to record an impairment loss in the interim period for the chlorination business operated by subsidiary Ihara Nikkei Chemical Industry.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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