TOKYO, May 19 (Pulse News Wire) – TYK Corporation (5363.T) reported a decline in revenue for the fiscal year ended March 31, 2026, despite higher profits. The company's consolidated revenue was ¥31.4 billion, down from ¥31.9 billion in the previous year.
Operating profit stood at ¥34 billion, a decrease from the prior year, while ordinary profit reached ¥4.27 billion, up from the previous year. Net profit attributable to parent shareholders was ¥3.74 billion, marking a significant increase compared to the previous year. Segment-wise performance showed mixed results. Domestic sales remained strong, contributing ¥21.7 billion, but North American sales dropped due to reduced demand, resulting in a loss. European operations saw growth, with sales increasing to ¥43 million.
Sales in Asia declined slightly, reflecting lower demand for refractory materials. In terms of financial status, the company’s net assets increased to ¥54 billion, driven primarily by gains in valuation adjustments and retained earnings. The equity ratio improved to 70.4%, up from 69.1% in the previous year. Cash flow trends indicated a slight improvement, with cash and equivalents rising to ¥141 million. Looking ahead, TYK anticipates continued economic recovery amid global uncertainties such as geopolitical tensions and fluctuating raw material prices.
The company remains focused on enhancing product quality and efficiency to navigate through challenging market conditions.
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