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NIPPON SHOKUBAI, First Half Net Income Decreases by 15%, Jul-Sep Net Income Decreases by 26%

Fri Nov 7, 2025 1:00 pm JST Earnings

4114 NIPPON SHOKUBAI CO., LTD 【IFRS】

Earnings Report

NIPPON SHOKUBAI CO., LTD <4114> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 7th (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 14.7% from the same period last year to 7.61 billion yen. Progress toward the full-year plan of 15.0 billion yen was 50.7%, below the five-year average of 59.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 12.8% from the same period last year to 7.38 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 3.17 billion yen, a 26.0% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 4.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 194,301 10,006 9,785 6,861 43.6 62.2 Nov 7, 2023 IFRS
Apr - Sep, 2024 206,876 10,455 12,428 8,925 58.0 53.6 Nov 7, 2024 IFRS
Apr - Sep, 2025 200,197 9,011 10,795 7,612 50.4 51.4 Nov 7, 2025 IFRS
YoY -3.2% -13.8% -13.1% -14.7% -13.1%

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 200,000 8,500 10,500 7,500 50.0 50 May 13, 2025 IFRS
Apr - Sep, 2025 Results 200,197 9,011 10,795 7,612 50.4 50 Nov 7, 2025 IFRS
Revision Rate +0.1% +6.0% +2.8% +1.5% +1.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 405,000 17,000 20,000 15,000 101.5 100 May 13, 2025 IFRS
Mar, 2026 New 405,000 18,000 21,000 15,000 101.5 100 Nov 7, 2025 IFRS
Revision Rate 0.0% +5.9% +5.0% 0.0% 0.0%

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 202,470 8,607 10,775 8,469 55.5 60 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 204,803 8,989 10,205 7,388 50.0 50 Nov 7, 2025 IFRS
YoY +1.2% +4.4% -5.3% -12.8% -9.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 392,009 16,562 15,744 11,008 70.5 45 May 13, 2024 IFRS
Mar, 2025 409,346 19,062 23,203 17,394 113.9 114 May 13, 2025 IFRS
Mar, 2026 Guidance 405,000 18,000 21,000 15,000 101.5 100 Nov 7, 2025 IFRS
YoY -1.1% -5.6% -9.5% -13.8% -10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 101,781 5,266 6,007 4,294 27.9 5.2 Nov 7, 2024 IFRS
Oct - Dec, 2024 101,744 4,747 6,741 5,101 33.3 4.7 Feb 6, 2025 IFRS
Jan - Mar, 2025 100,726 3,860 4,034 3,368 22.1 3.8 May 13, 2025 IFRS
Apr - Jun, 2025 101,247 4,295 6,283 4,434 29.3 4.2 Aug 7, 2025 IFRS
Jul - Sep, 2025 98,950 4,716 4,512 3,178 21.1 4.8 Nov 7, 2025 IFRS
YoY -2.8% -10.4% -24.9% -26.0% -24.6%

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