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Sekisui Chemical, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 4%
4204 Sekisui Chemical Co.,Ltd. 【J-GAAP】
Earnings ReportSekisui Chemical Co.,Ltd. <4204> [TSE Prime] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 48.9 billion yen, a 1.7% increase compared to the same period last year.
However, the full-year forecast for consolidated ordinary profit has decreased 3.9%, from the previous forecast of 116 billion yen to 112 billion yen (compared to 110 billion yen in the previous period), leading to a reduction in the profit growth rate from 5.1% to 0.9%.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 63.0 billion yen, up 0.4% from the same period last year.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 33.1% from the same period last year, reaching 28.7 billion yen. However, the operating profit margin worsened from 8.6% in the same period last year to 7.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 611,294 | 41,155 | 51,536 | 44,450 | 104.2 | 48.7 | Oct 30, 2023 | J-GAAP |
| Apr - Sep, 2024 | 629,054 | 48,723 | 48,142 | 42,925 | 102.5 | 43.4 | Oct 31, 2024 | J-GAAP |
| Apr - Sep, 2025 | 629,797 | 45,447 | 48,951 | 31,722 | 76.5 | 43.7 | Oct 30, 2025 | J-GAAP |
| YoY | +0.1% | -6.7% | +1.7% | -26.1% | -25.4% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 639,200 | 48,900 | 49,700 | 35,100 | 84.9 | 40 | Jul 31, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 629,797 | 45,447 | 48,951 | 31,722 | 76.5 | 40 | Oct 30, 2025 | J-GAAP |
| Revision Rate | -1.5% | -7.1% | -1.5% | -9.6% | -9.9% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 1,364,500 | 115,000 | 116,600 | 82,000 | 200.1 | 80 | Apr 28, 2025 | J-GAAP |
| Mar, 2026 New | 1,323,200 | 110,000 | 112,000 | 72,000 | 175.7 | 80 | Oct 30, 2025 | J-GAAP |
| Revision Rate | -3.0% | -4.3% | -3.9% | -12.2% | -12.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 668,700 | 59,228 | 62,816 | 39,000 | 93.3 | 42 | Apr 28, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 693,403 | 64,553 | 63,049 | 40,278 | 98.3 | 40 | Oct 30, 2025 | J-GAAP |
| YoY | +3.7% | +9.0% | +0.4% | +3.3% | +5.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,256,538 | 94,399 | 105,921 | 77,930 | 183.5 | 74 | Apr 26, 2024 | J-GAAP |
| Mar, 2025 | 1,297,754 | 107,951 | 110,958 | 81,925 | 195.9 | 79 | Apr 28, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,323,200 | 110,000 | 112,000 | 72,000 | 175.7 | 80 | Oct 30, 2025 | J-GAAP |
| YoY | +2.0% | +1.9% | +0.9% | -12.1% | -10.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 330,226 | 28,525 | 21,597 | 19,213 | 45.9 | 8.6 | Oct 31, 2024 | J-GAAP |
| Oct - Dec, 2024 | 326,288 | 28,636 | 37,955 | 25,570 | 61.1 | 8.8 | Jan 30, 2025 | J-GAAP |
| Jan - Mar, 2025 | 342,412 | 30,592 | 24,861 | 13,430 | 32.1 | 8.9 | Apr 28, 2025 | J-GAAP |
| Apr - Jun, 2025 | 305,147 | 21,219 | 20,195 | 13,149 | 31.6 | 7.0 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 324,650 | 24,228 | 28,756 | 18,573 | 44.8 | 7.5 | Oct 30, 2025 | J-GAAP |
| YoY | -1.7% | -15.1% | +33.1% | -3.3% | -2.4% |
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