Denka Co., Ltd. (DIK.F,4061.T), a chemical and material manufacturer, posted stronger first-half earnings on Monday, even as revenue slipped by 1.2 percent.
In addition, looking ahead to the fiscal year ending March 31, 2026, Denka reaffirmed its net earnings guidance, but trimmed its sales view. On the Tokyo Stock Exchange, shares were trading 7.33 percent higher at 2,432 yen.
In the first half, net income increased 15.7 per cent to 3.90 billion yen from 3.37 billion yen in the prior year. Basic earnings per share improved to 45.28 yen from 39.14 yen last year.
Operating profit grew 3.8 percent to 9.74 billion yen from 9.39 billion yen a year ago.
Net sales, meanwhile, slipped to 196.70 billion yen from 199.05 billion yen in the prior year.
For fiscal year, the firm continues to expect net income of 15 billion yen or 174.06 yen per share, compared to a loss last year.
However, the revenue is now expected to be in the range of 400 billion yen, lower than the 410 billion yen guided earlier in May.
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