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Hodogaya Chemical, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 27% Decrease

Tue Nov 11, 2025 5:00 pm JST Earnings

4112 Hodogaya Chemical Co.,Ltd. 【J-GAAP】

Earnings Report

Hodogaya Chemical Co.,Ltd. <4112> [TSE Prime] announced its financial results after the market closed on November 11th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 58.5% from the same period last year to 1.83 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 30.0%, from the previous forecast of 5.00 billion yen to 3.50 billion yen (compared to 4.77 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 26.6% 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 surge 4.7 times that of the same period last year, reaching 1.66 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 0.58 billion yen, a 50.9% decrease compared to the same period last year. The operating profit margin sharply declined from 12.5% in the same period last year to 4.9%.

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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 20,451 1,245 1,814 909 57.3 38.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 26,607 4,354 4,413 2,549 160.5 92.5 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 22,546 1,532 1,832 1,234 77.7 52.3 Nov 11, 2025 J-GAAP
YoY -15.3% -64.8% -58.5% -51.6% -51.6%

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 － 25 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 22,546 1,532 1,832 1,234 77.7 25 Nov 11, 2025 J-GAAP
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 50,000 5,000 5,000 3,000 188.6 50 May 15, 2025 J-GAAP
Mar, 2026 New 47,000 3,500 3,500 2,000 125.7 50 Nov 11, 2025 J-GAAP
Revision Rate -6.0% -30.0% -30.0% -33.3% -33.3%

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 21,971 521 357 629 39.6 22.50 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 24,454 1,968 1,668 766 48.2 25 Nov 11, 2025 J-GAAP
YoY +11.3% +277.7% +367.2% +21.8% +21.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 44,261 3,951 4,711 2,480 156.3 37.50 May 15, 2024 J-GAAP
Mar, 2025 48,578 4,875 4,770 3,178 200.0 45 May 15, 2025 J-GAAP
Mar, 2026 Guidance 47,000 3,500 3,500 2,000 125.7 50 Nov 11, 2025 J-GAAP
YoY -3.2% -28.2% -26.6% -37.1% -37.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,118 1,512 1,195 841 52.9 12.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 10,632 230 269 334 21.0 2.2 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 11,339 291 88 295 18.6 2.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 11,381 985 1,245 615 38.7 8.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 11,165 547 587 619 39.0 4.9 Nov 11, 2025 J-GAAP
YoY -7.9% -63.8% -50.9% -26.4% -26.4%

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