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Bando Chemical, Net Income Forecast for the Fiscal Year Revised Upward by 10%, Exceeded Record Profit Forecast

Fri Nov 7, 2025 2:00 pm JST Earnings

5195 Bando Chemical Industries, Ltd. 【IFRS】

Earnings Report

Bando Chemical Industries, Ltd. <5195> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 7th (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 4.81 billion yen, an increase 46.2% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 10.4%, from the previous forecast of 6.70 billion yen to 7.40 billion yen (compared to 1.49 billion yen in the previous period), increasing the growth rate from 4.5 times to 4.9 times. The company has further increased its previous forecast of record profits for the first time in two years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 2.58 billion yen (compared to a loss of 1.80 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 58.8% from the same period last year, reaching 2.16 billion yen. However, the operating profit margin worsened from 9.6% in the same period last year to 9.2%.

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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 53,927 4,515 5,408 3,671 84.4 62.3 Nov 9, 2023 IFRS
Apr - Sep, 2024 58,098 5,048 4,525 3,297 77.2 130.3 Nov 8, 2024 IFRS
Apr - Sep, 2025 59,094 6,569 6,591 4,819 116.0 ー Nov 7, 2025 IFRS
YoY +1.7% +30.1% +45.7% +46.2% +50.2%

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 ー ー ー ー － 40 May 15, 2025 IFRS
Apr - Sep, 2025 Results 59,094 6,569 6,591 4,819 116.0 40 Nov 7, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 115,000 9,500 ー 6,700 164.5 80 May 15, 2025 IFRS
Mar, 2026 New 117,000 10,500 ー 7,400 181.7 80 Nov 7, 2025 IFRS
Revision Rate +1.7% +10.5% － +10.4% +10.4%

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 57,495 -1,568 -1,053 -1,801 -42.5 38 May 15, 2025 IFRS
Oct - Mar, 2025 Guidance 57,906 3,931 ー 2,581 63.4 40 Nov 7, 2025 IFRS
YoY +0.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 108,278 7,772 8,676 6,180 142.6 72 May 15, 2024 IFRS
Mar, 2025 115,593 3,480 3,472 1,496 35.3 76 May 15, 2025 IFRS
Mar, 2026 Guidance 117,000 10,500 ー 7,400 181.7 80 Nov 7, 2025 IFRS
YoY +1.2% +201.7% － +394.7% +414.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 28,754 2,756 1,668 1,365 32.0 9.6 Nov 8, 2024 IFRS
Oct - Dec, 2024 29,177 946 1,851 945 22.2 3.2 Feb 10, 2025 IFRS
Jan - Mar, 2025 28,318 -2,514 -2,904 -2,746 -64.8 -8.9 May 15, 2025 IFRS
Apr - Jun, 2025 29,092 3,818 3,636 2,652 63.5 13.1 Aug 8, 2025 IFRS
Jul - Sep, 2025 30,002 2,751 2,955 2,167 52.2 9.2 Nov 7, 2025 IFRS
YoY +4.3% -0.2% +77.2% +58.8% +63.1%

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