PI Industries shares surge 5% after biggest customer Kumiai Chemical raises guidance

Shares of PI Industries Ltd. gained as much as 4% on Wednesday, June 4, after one of its key customers, Japan-based Kumiai Chemical Industries, revised its outlook upward for the year ending October 2025.

Kumiai raised its revenue guidance by 9% and EBITDA forecast by 34%. For the six-month (semi-annual) period ending October 2025, the company now expects sales to be higher by 8.7% and profits by 34.3%, driven by increased shipments.

This revision reflects a positive impact from higher sales, especially from advanced overseas shipments in its Agricultural Chemicals and Agriculture-Related Business segments. Kumiai also said that it may consider further revisions to its full-year guidance depending on second-half performance.

Despite the expected increase in operating income, ordinary income and net income attributable to owners are estimated to remain largely unchanged due to huge foreign exchange losses stemming from the appreciation of the yen, the company said in its earnings statement.

Vice Chairman and Managing Director Mayank Singhal said that despite the muted outlook, PI Industries remains confident in its long-term strategy.