Sekisui Chemical posts record Q1 operating profit despite headwinds

Sekisui Chemical reported Q1 net sales up 2.1% to 305.1bn yen, with operating profit rising 5.1% to a record 21.2bn yen despite market stagnation and yen strength.

However, ordinary profit fell 23.9% to 20.1bn yen due to foreign exchange impacts, while net profit dropped 44.5% to 13.1bn yen.

The company maintained its full-year outlook while slightly reducing its half-year sales forecast to 639.2bn yen.