Resonac stock enters a new phase as Crasus Chemical lists

Published on 09/29/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Resonac stock enters the Crasus Chemical spin-off phase as an analyst forecast lifts FY2026 core operating profit to JPY 200.0 billion. Q2 revenue beat consensus.

Resonac, JP3521500008, Illustration mit AI erstellt.

Resonac stock (ISIN JP3521500008) enters a new corporate phase with an analyst forecast placing FY2026 core operating profit at JPY 200.0 billion, up from JPY 183.0 billion. On September 29, 2026, Resonac published an investor notice regarding the listing of Crasus Chemical Inc., the petrochemical business being separated from the group.

Spin-off changes the group structure

The transaction is designed to separate the petrochemical operations from Resonac's advanced materials businesses. According to TipRanks on September 7, 2026, the partial spin-off is scheduled to take effect on October 1, 2026, with Crasus Chemical shares distributed to Resonac shareholders.

The same report says Resonac's stake in Crasus Chemical is expected to fall below 20 percent after the transaction. That would remove the subsidiary from consolidated accounting and change the earnings mix investors use to assess the remaining group.

Profit outlook outpaces revenue

A September 16, 2026 summary of a Morgan Stanley industry report published by Futu puts the FY2026 core operating-profit forecast at JPY 200.0 billion, compared with JPY 183.0 billion previously. That is an increase of 9.29 percent, while the FY2027 forecast rises from JPY 206.0 billion to JPY 256.0 billion.

The earnings picture is more mixed on sales. A September 7, 2026 report by Mathstock says second-quarter revenue reached JPY 368.96 billion for the three months ended June 30, 2026, compared with consensus of JPY 355.34 billion. The 3.83 percent beat supports the view that margin and product mix, rather than sales growth alone, are central to the current investment case.

Tokyo listing sets the reference point

Resonac Holdings Corporation is listed on the Tokyo Stock Exchange Prime Market under ticker 4004. The group operates across petrochemicals, chemicals, electronics, inorganics and aluminum, with semiconductor and electronic materials providing the strategic growth emphasis described in its 2026 integrated report.

The September 29, 2026 investor notice makes the spin-off the immediate corporate milestone. For investors, the key checkpoint is whether the streamlined group can convert the higher JPY 200.0 billion operating-profit forecast into durable earnings after the petrochemical separation.