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Dai Nippon Toryo, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 17% Decrease

Fri Nov 7, 2025 2:00 pm JST Earnings

4611 Dai Nippon Toryo Company, Limited 【J-GAAP】

Earnings Report

Dai Nippon Toryo Company, Limited <4611> [TSE Prime] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 23.2% from the same period last year to 2.12 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 18.9%, from the previous forecast of 5.30 billion yen to 4.30 billion yen (compared to 5.19 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 17.3% decrease in profit.

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 decrease 10.6% from the same period last year to 2.17 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.27 billion yen, a 7.7% decrease compared to the same period last year. The operating profit margin worsened from 7.7% in the same period last year to 4.7%.

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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 36,371 2,715 2,961 1,956 68.8 55.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 36,135 2,524 2,764 2,716 95.4 53.2 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 45,965 1,817 2,124 1,405 49.3 49.4 Nov 7, 2025 J-GAAP
YoY +27.2% -28.0% -23.2% -48.3% -48.3%

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 45,300 2,150 2,350 1,400 49.0 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 45,965 1,817 2,124 1,405 49.3 0 Nov 7, 2025 J-GAAP
Revision Rate +1.5% -15.5% -9.6% +0.4% +0.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 92,000 5,000 5,300 3,400 119.1 58 May 15, 2025 J-GAAP
Mar, 2026 New 92,000 4,100 4,300 2,900 101.6 58 Nov 7, 2025 J-GAAP
Revision Rate 0.0% -18.0% -18.9% -14.7% -14.7%

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 36,376 2,192 2,435 6,721 236.0 49 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 46,035 2,283 2,176 1,495 52.4 58 Nov 7, 2025 J-GAAP
YoY +26.6% +4.2% -10.6% -77.8% -77.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 71,940 4,901 5,336 4,600 161.7 35 May 10, 2024 J-GAAP
Mar, 2025 72,511 4,716 5,199 9,437 331.4 49 May 15, 2025 J-GAAP
Mar, 2026 Guidance 92,000 4,100 4,300 2,900 101.6 58 Nov 7, 2025 J-GAAP
YoY +26.9% -13.1% -17.3% -69.3% -69.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 18,652 1,433 1,382 1,554 54.6 7.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 18,972 1,433 1,675 997 35.0 7.6 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 17,404 759 760 5,724 201.0 4.4 May 15, 2025 J-GAAP
Apr - Jun, 2025 22,300 705 848 381 13.4 3.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 23,665 1,112 1,276 1,024 36.0 4.7 Nov 7, 2025 J-GAAP
YoY +26.9% -22.4% -7.7% -34.1% -34.2%

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