Updated Mar 23, 2026 by Kanematsu Corporation
Kanematsu Corporation’s net profit attributable to owners of the parent fell 20.0% to 4.1 billion yen for the first half of fiscal year 2017, driven by lower profit before tax and reduced equity-method investment returns.
Net sales declined 4.2% year-over-year to 514.9 billion yen, while operating profit remained flat at 9.4 billion yen.
The Electronics & Devices segment served as a primary growth driver, recording a 1.4 billion yen increase in operating profit due to strong performance in ICT solutions and mobile business.
The Steel, Materials & Plant segment faced a sharp decline in both sales and profit, primarily due to sluggish market conditions in the energy and oilfield tubing sectors.
Net interest-bearing debt rose by 9.5 billion yen to 58.3 billion yen, largely due to funding requirements for the acquisition of Diamondtelecom, Inc.
The company maintains an equity ratio of 20.2% and continues its dividend policy with an interim payment of 3.0 yen per share.
Kanematsu Corporation’s net profit attributable to owners of the parent fell 20.0% to 4.1 billion yen for the first half of fiscal year 2017, driven by lower profit before tax and reduced equity-method investment returns.
Net sales declined 4.2% year-over-year to 514.9 billion yen, while operating profit remained flat at 9.4 billion yen.
The Electronics & Devices segment served as a primary growth driver, recording a 1.4 billion yen increase in operating profit due to strong performance in ICT solutions and mobile business.
The Steel, Materials & Plant segment faced a sharp decline in both sales and profit, primarily due to sluggish market conditions in the energy and oilfield tubing sectors.
Net interest-bearing debt rose by 9.5 billion yen to 58.3 billion yen, largely due to funding requirements for the acquisition of Diamondtelecom, Inc.
The company maintains an equity ratio of 20.2% and continues its dividend policy with an interim payment of 3.0 yen per share.