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ZEON, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 3% Increase

Fri Jan 30, 2026 3:30 pm JST Earnings

4205 ZEON CORPORATION 【J-GAAP】

Earnings Report

ZEON CORPORATION <4205> [TSE Prime] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 9.5% from the same period last year, reaching 29.9 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.3%, from the previous forecast of 30.0 billion yen to 34.0 billion yen (compared to 33.0 billion yen in the previous period), turning to a 2.9% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 36.8%, from the previous forecast of 10.8 billion yen to 14.8 billion yen (compared to 14.4 billion yen in the same period of the previous year), turning to a 2.8% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 23.3% from the same period last year, reaching 10.8 billion yen. The operating profit margin improved from 7.2% in the same period last year to 8.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 283,806 15,986 19,912 20,908 99.0 74.0 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 315,433 24,173 27,369 20,131 96.7 82.8 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 309,712 27,600 29,964 28,325 145.4 88.1 Jan 30, 2026 J-GAAP
YoY -1.8% +14.2% +9.5% +40.7% +50.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 208,529 11,148 10,867 5,695 29.8 36 Oct 30, 2025 J-GAAP
Oct - Mar, 2025 New 201,029 11,648 14,867 9,195 48.1 36 Jan 30, 2026 J-GAAP
Revision Rate -3.6% +4.5% +36.8% +61.5% +61.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 415,000 30,500 30,000 28,000 146.4 72 Jul 30, 2025 J-GAAP
Mar, 2026 New 407,500 31,000 34,000 31,500 164.7 72 Jan 30, 2026 J-GAAP
Revision Rate -1.8% +1.6% +13.3% +12.5% +12.5%

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 207,297 12,519 14,464 13,899 67.6 35 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 Guidance 201,029 11,648 14,867 9,195 48.1 36 Jan 30, 2026 J-GAAP
YoY -3.0% -7.0% +2.8% -33.8% -28.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 382,279 20,500 26,906 31,101 147.2 45 Apr 25, 2024 J-GAAP
Mar, 2025 420,647 29,321 33,051 26,199 127.4 70 Apr 25, 2025 J-GAAP
Mar, 2026 Guidance 407,500 31,000 34,000 31,500 164.7 72 Jan 30, 2026 J-GAAP
YoY -3.1% +5.7% +2.9% +20.2% +29.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 102,083 7,371 8,782 7,831 37.6 7.2 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 105,214 5,148 5,682 6,068 29.5 4.9 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 103,083 12,129 11,973 7,506 38.1 11.8 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 103,388 7,223 7,160 14,799 75.5 7.0 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 103,241 8,248 10,831 6,020 30.9 8.0 Jan 30, 2026 J-GAAP
YoY +1.1% +11.9% +23.3% -23.1% -17.9%

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