Earnings digests and industry comparisons for Japan's biggest listed companies.
104 reports(page 2 of 9)
The four electric-furnace and specialty steelmakers saw demand mix split Q1 FY2027 results. Daido Steel's operating profit rose 51.4% on AI and semiconductor demand, while Tokyo Steel swung to a loss as scrap costs climbed. Yamato Kogyo doubled net profit on U.S. affiliate earnings.
AI demand and raw-material costs widened profit gaps across the steelmakers.
Cement and Carbon Products companies grew sales in Q1 FY2027, but profitability diverged. Nichias led with 16.0% growth and a 15.5% margin; Tokai Carbon's net profit fell 14.0%, and its results cover six months.
High-value demand separated growth from earnings power.
Q2 FY2026 results from Glass and Electronic Ceramics companies showed sales growth at four of five, supported by semiconductor demand and an auto recovery. NGK Insulators led operating-profit growth at 37.2%, while NEG fell 31.8% and cut its full-year forecast. Niterra's net profit received a major boost from valuation gains.
Semiconductor demand is driving differences in profit growth.
Housing Equipment Makers saw mixed results in Q1 FY2027: three of four grew sales, but three posted lower operating profit. Sangetsu led with a 9.9% margin and 34.4% profit growth; Sanwa's operating profit fell 40.8%.
Sales growth did not guarantee profit growth.
In Q1 FY2027, all five electronic materials and functional chemicals companies grew revenue and operating profit, helped by semiconductor and AI demand. Operating-profit growth ranged from 153.5% at MGC to 7.5% at Dexerials.
AI tailwinds lifted all five, but profit growth diverged sharply.
Paint makers' FY2025 full-year results split on sales growth and profits, with Nippon Paint gaining from AOC and lower input costs. Kansai Paint was squeezed by higher labor and material costs; fiscal year-ends differ.
AOC's acquisition effect widened the gap in profitability.
Japan's Mid-Tier Real Estate Firms reported mixed Q2 FY2026 results: Hulic and Tosei grew on leasing and property sales, while Nomura Real Estate declined. Katitas lifted sales volumes, though reporting periods vary.
Leasing and property revitalization grew, while fewer deliveries pressured results.
Japan's major leasing companies posted mixed results in Q1 FY2027. ORIX gained on Kioxia-related items and Tokyo Century on asset sales, while Mitsubishi HC Capital fell as a prior-year boost faded. FPG's reporting period differs.
One-off gains shaped how profit growth appeared across the sector.
Oil and gas explorers INPEX and JAPEX delivered contrasting 2026 interim and first-quarter results: INPEX's operating profit rose 0.3% to a record, while JAPEX's fell 62.9%. Their reporting periods differ, at six months and three months.
Record-high profitability at INPEX contrasted with a sharp JAPEX earnings slump.
In Q1 FY2027, all five regional utilities and wholesale power companies grew revenue, but operating profit rose at three and fell at two. Kyuden led with a 34.9% gain to ¥83.4 billion, while Hokkaido Electric's operating profit fell 44.3% on timing effects.
Revenue rose across the board, but profit outcomes diverged.
The three Automotive Interior and Mechanism Parts makers all grew sales in Q1 FY2027, but profit trends split. NHK Spring's operating profit rose 30.0%, while Toyota Boshoku's fell 15.1%; Nifco maintained a sector-leading 14.1% margin.
Sales rose across the group, but earnings quality sharply diverged.
Motorcycles & Powersports companies posted FY2026 results, with Honda leading profit growth and Yamaha Motor topping operating margin. Suzuki led sales growth but cut its full-year profit outlook; reporting periods differ, with Yamaha reporting half-year results and Honda and Suzuki first-quarter figures.
Sales grew across the group, but profit growth varied sharply.
