SOMAR CORPORATION
8152・Standard Market・Wholesale Trade
High-Performance Materials Business
Somar's largest core segment. Manufactures and sells high-performance materials for electronics and automotive applications.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales | ¥22,546 million (FY2026, ending March 2026) | ¥21,049 million (FY2025, ended March 2025) | ↑ |
| Segment operating income | ¥2,554 million (FY2026, ending March 2026) | ¥2,464 million (FY2025, ended March 2025) | ↑ |
| Segment assets | ¥21,965 million (end of FY2026, ending March 2026) | ¥20,260 million (end of FY2025, ended March 2025) | ↑ |
| Increase in tangible and intangible fixed assets | ¥876 million (FY2026, ending March 2026) | ¥992 million (FY2025, ended March 2025) | ↓ |
| Depreciation expense | ¥501 million (FY2026, ending March 2026) | ¥403 million (FY2025, ended March 2025) | ↑ |
| Share of consolidated net sales | Approximately 72.3% (FY2026, ending March 2026) | Approximately 69.3% (FY2025, ended March 2025) | ↑ |
Business Details
Composed of four product groups: Coating Products, High-Performance Resin Products, Electronic Materials, and Functional Resin. The main customers are smartphones, semiconductors, and automotive electronic components (for HEV/BEV), and the segment pursues a differentiation strategy that integrates manufacturer functions with trading company functions. In FY2026 (ending March 2026), the segment's share of consolidated net sales rose further to approximately 72% (¥22,546 million), increasing its weight as a core business.
Recent Overview
Strong automotive and semiconductor demand drove a 7.1% increase in sales and a 3.7% increase in operating income.
In FY2026 (ending March 2026), sales were ¥22,546 million (up 7.1% year on year) and operating income was ¥2,554 million (up 3.7% year on year). High-Performance Resin Products for HEV/BEV (+13.0%) and Coating Products (+8.7%) drove growth, while Electronic Materials for heavy electrical machinery and industrial equipment motors (-5.2%) weighed on results. An impairment loss of ¥278 million was also recorded as an extraordinary loss for coating products business assets at the Soka Plant. Overall, the business progressed largely as planned.
Key Products
Growth Drivers
- Expanding domestic and overseas demand for High-Performance Resin Products for HEV/BEV (acquisition of new customers in North America and Europe)
- Continued steady demand for Coating Products for the smartphone and mobile market
- Steady performance in the semiconductor-related market (semiconductor manufacturing equipment and lithium-ion battery-related applications)
- Capturing new demand for light-shielding components and other products for 5G communications and AI-related markets
- Steady demand in the semiconductor-related market and others for Functional Resin
Risks
- Profitability decline risk indicated by the impairment loss recorded on coating products business assets at the Soka Plant (¥278 million in FY2026, ending March 2026)
- Continued weak demand for heavy electrical machinery and industrial equipment motors, among others, in Electronic Materials and Functional Resin
- Profit pressure from rising raw material prices and energy costs
- Risk of declining sales prices for Coating Products and High-Performance Resin Products due to the rise of low-priced overseas products
- Uncertainty in overseas demand due to slowing economic growth in China and U.S. tariff policy
- Fluctuations in demand for specific EV-related components (demand varies significantly by application)
Last updated: June 25, 2026