Konishi (TSE: 4956), the Osaka-based maker of Bond-brand adhesives and industrial chemicals, said sales for the quarter from April to June 2026 rose 12.3% to ¥36.2bn, while operating profit jumped 52.5% to ¥3.26bn. Net profit attributable to shareholders climbed 53.0% to ¥2.37bn, and comprehensive income rose 176.1% to ¥4.22bn, helped by gains on securities holdings.
Management traced the strength to a wave of rush orders in April across its household, housing, industrial-materials, construction and civil-engineering adhesive lines, driven by customers' supply anxiety linked to Middle East tensions. After that initial spike, Konishi pushed through price increases to offset higher raw-material costs and managed shipments carefully to avoid stock-outs, and said the resulting sales-growth trend continued through the rest of the quarter.
The Bond segment, Konishi's core adhesives business, posted sales of ¥19.7bn, up 9.3%, and operating profit of ¥2.46bn, up 69.5%. The Chemicals segment, which supplies heat-dissipation materials, semiconductor-related products and capacitor components alongside materials for hybrid vehicles, grew sales 15.3% to ¥10.7bn and profit 67.2% to ¥499mn. The Construction segment, which handles repair and reinforcement work on infrastructure and ageing buildings, grew sales 17.5% to ¥5.75bn but posted a 24.7% profit decline to ¥281mn after delays on some projects pushed profit recognition into the second quarter.
| Segment | Sales | Sales growth | Operating profit | Profit growth |
|---|---|---|---|---|
| Bond (adhesives) | ¥19.7bn | +9.3% | ¥2.46bn | +69.5% |
| Chemicals | ¥10.7bn | +15.3% | ¥499mn | +67.2% |
| Construction | ¥5.75bn | +17.5% | ¥281mn | -24.7% |
Despite the outsized quarterly gains, Konishi left its full-year forecast exactly as announced on 24 April 2026: sales of ¥150bn, up 9.8%, operating profit of ¥11.5bn, up 9.9%, and net profit of ¥8.19bn, up 2.0%. That guided full-year operating-profit growth rate, under 10%, sits well below the 52.5% jump booked in the first quarter alone. The half-year forecast, ¥72bn in sales and ¥5.35bn in operating profit, points to a slower pace of growth through the rest of the year.
Total assets rose to ¥144.1bn and net assets to ¥91.9bn, keeping the equity ratio at 63.5%. The dividend forecast is unchanged as well, at ¥19 per share at the half-year mark and ¥19 at year-end for an annual ¥38, matching last year's payout.