Sumitomo Osaka Cement maintains FY2026 operating profit forecast at JPY 15 billion
Reuters2026/08/04 07:48- Sumitomo Osaka Cement forecast full-year net sales of yen 234,500 million, up yen 10,800 million, for the year ending March 31, 2027.
- Full-year operating profit outlook set at yen 15,000 million, up yen 1,350 million, despite weak domestic cement demand.
- Cement segment operating profit forecast cut to yen 5,000 million, down yen 500 million, amid higher energy costs.
- High-Performance Products operating profit expected at yen 4,200 million, up yen 1,780 million, supported by electrostatic chuck capacity expansion.
- Guidance follows Q1 net sales of yen 56,100 million, up 8.8%, operating profit of yen 3,460 million, up 99.1%, helped by prior price hikes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OPEC+ agrees to keep oil output policy unchanged for October
US military strikes Iranian oil tanker, triggering geopolitical risks as Brent crude nears $97 mark
Following the US military's attack on Iranian oil tankers and Iran's announcement of new restricted navigation zones outside the Strait of Hormuz, market concerns over prolonged disruptions in key energy transport routes have intensified, leading to a sharp rise in international oil prices.
Geopolitical tensions overshadowing production cuts: OPEC+ maintains quotas unchanged, paper adjustments fail to resolve physical supply dilemmas
OPEC+ major oil producers, led by Saudi Arabia and Russia, held a monthly video conference last Sunday and decided to keep the crude oil production quota for October unchanged, continuing the previous tone of stable production following a series of symbolic production increases.
IX Biopharma seeks SGX-ST trading halt lift for shares in Singapore
Crypto prices
More
