Dexerials reports Q1 profit down 17% on revenue decline

Dexerials Corporation reported net sales of 26,140 million yen for Q1 FY2026, down 3.8% year-on-year, with business profit falling 17.7% to 7,899 million yen.

The decline was driven by cessation of phosphor film sales, increased fixed costs in optical semiconductors, and yen appreciation. Optical Materials and Components sales dropped 5.1% while Electronic Materials and Components fell 2.5%.

The company maintained its full-year earnings forecast for FY2026.