Why did Ube Corp. cut its earnings forecast for fiscal year 2026?

Ube Corp. cut its earnings forecast due to weaker-than-expected demand across all major product lines — including specialty products, and polymers and chemicals — leading to lower sales and operating profit; specifically, sales are now projected at ¥462.3 billion (down from ¥490 billion), operating profit at ¥18.9 billion (down from ¥25 billion), and profit at ¥23.9 billion (down from ¥27.5 billion).

What specific action did Ube take at its Thailand plant, and how does it affect the fiscal 2026 outlook?

Ube accelerated the shutdown and scale-down of caprolactam and nylon polymer production at its Thailand facility, moving the timeline forward by one year to March 2026; this decision will generate additional extraordinary losses — primarily from special retirement allowances, shortened depreciation periods, and related factors — contributing to the downward revision of profit.

Ube cuts earnings forecast as Thailand plant shutdown accelerates

May 11, 2026

Ube Corp revised its fiscal 2026 earnings outlook downward due to weak demand in polymers and chemicals. Additionally, it accelerated the shutdown of its Thailand caprolactam and nylon polymer plant to March 2026, incurring extra losses.

chemweek

2026-05-11

Ube cuts earnings forecast as Thailand plant shutdown accelerates

2026-11-02

Ube Raises Full-Year Earnings Guidance

Ube cuts earnings forecast as Thailand plant shutdown accelerates

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