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Denka Company, First Half Ordinary Profit Unexpectedly Revised Upward by 22%

Mon Nov 10, 2025 11:00 am JST Earnings

4061 Denka Company Limited 【J-GAAP】

Earnings Report

Denka Company Limited <4061> [TSE Prime] announced its financial results in the morning on November 10th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 21.8% from the same period last year, reaching 6.79 billion yen, resulting in an increase in profits compared to the previous forecast of a 19.3% decrease.

However, Progress toward the full-year plan of 19.0 billion yen was 35.7%, also falling below the five-year average of 76.9%.

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 surge 6.0 times that of the same period last year, reaching 12.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 5.12 billion yen. The operating profit margin improved from 4.5% in the same period last year to 7.2%.

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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 191,369 10,535 8,087 6,559 76.1 147.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 199,054 9,385 5,574 3,372 39.1 73.1 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 196,699 9,740 6,791 3,902 45.3 35.7 Nov 10, 2025 J-GAAP
YoY -1.2% +3.8% +21.8% +15.7% +15.7%

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 195,000 7,000 4,500 2,500 29.0 50 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 196,699 9,740 6,791 3,902 45.3 50 Nov 10, 2025 J-GAAP
Revision Rate +0.9% +39.1% +50.9% +56.1% +56.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 410,000 25,000 19,000 15,000 174.0 100 May 13, 2025 J-GAAP
Mar, 2026 New 400,000 25,000 19,000 15,000 174.0 100 Nov 10, 2025 J-GAAP
Revision Rate -2.4% 0.0% 0.0% 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 201,197 5,028 2,049 -15,672 -181.9 50 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 203,301 15,260 12,209 11,098 128.7 50 Nov 10, 2025 J-GAAP
YoY +1.0% +203.5% +495.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 389,263 13,376 5,474 11,947 138.6 100 May 10, 2024 J-GAAP
Mar, 2025 400,251 14,413 7,623 -12,300 -142.7 100 May 13, 2025 J-GAAP
Mar, 2026 Guidance 400,000 25,000 19,000 15,000 174.0 100 Nov 10, 2025 J-GAAP
YoY -0.1% +73.5% +149.2% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 103,827 4,668 1,962 1,122 13.0 4.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 102,544 2,431 -1,244 -795 -9.2 2.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 98,653 2,597 3,293 -14,877 -172.6 2.6 May 13, 2025 J-GAAP
Apr - Jun, 2025 94,067 2,302 1,671 5,001 58.0 2.4 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 102,632 7,438 5,120 -1,099 -12.8 7.2 Nov 10, 2025 J-GAAP
YoY -1.2% +59.3% +161.0% － －

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