Japanese Firms Report Mixed Results; Chemicals Strong

Several Japanese companies reported mixed FY/1H results, with some returning to profit while others saw declines. Toshin Holdings returned to a FY net profit of ¥142.00m for the year ended April 30 (versus a ¥209.00m loss a year earlier), supported by an operating profit of ¥324.00m and pretax profit of ¥284.00m. Yasuhara Chemical posted half‑year revenue of ¥7.49bn and parent net profit of ¥703.00m (up from ¥550.00m), with pretax profit of ¥995.00m and EPS of ¥77.48, but cut its full‑year dividend forecast. Other 1H results showed declines at Screen Holdings (net ¥31.86bn, down from ¥38.84bn), Togami Electric (¥844.00m, down from ¥954.00m), ShinMaywa (¥2.79bn, down from ¥3.18bn), Wavelock (¥336.00m, down from ¥403.00m), Yondenko (¥2.66bn, down from ¥2.75bn) and Sun‑Wa Technos (¥1.21bn, down from ¥1.27bn). Argo Graphics was roughly flat at ¥3.48bn and Kohsoku rose to ¥1.81bn (from ¥1.67bn). Overall, results point to selective strength in chemicals and some specialty firms but continued pressure on several industrial and manufacturing companies.