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Sumitomo Bakelite, Net Income Forecast for the Fiscal Year Revised Upward by 9%, Exceeded Record Profit Forecast

Mon Feb 2, 2026 11:30 am JST Earnings

4203 Sumitomo Bakelite Company Limited 【IFRS】

Earnings Report

Sumitomo Bakelite Company Limited <4203> [TSE Prime] announced its financial results (based on IFRS) at noon (11:30) on February 2nd. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 19.6 billion yen, an increase 53.2% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 8.5%, from the previous forecast of 23.5 billion yen to 25.5 billion yen (compared to 19.2 billion yen in the previous period), increasing the growth rate from 21.9% to 32.3%. The company has further increased its previous forecast of record profits for the first time in two years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 19.6%, from the previous forecast of 10.2 billion yen to 12.2 billion yen (compared to 6.54 billion yen in the same period of the previous year), increasing the growth rate from 56.1% to 86.7%.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 56 times that of the same period last year, reaching 6.40 billion yen. The operating profit margin drastically improved from 3.3% in the same period last year to 10.3%.

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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 215,454 20,540 23,561 18,029 192.8 74.8 Feb 5, 2024 IFRS
Apr - Dec, 2024 231,091 18,234 21,240 12,855 138.0 74.2 Feb 3, 2025 IFRS
Apr - Dec, 2025 237,833 24,831 27,507 19,697 224.7 ー Feb 2, 2026 IFRS
YoY +2.9% +36.2% +29.5% +53.2% +62.8%

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 153,472 14,538 ー 10,209 116.4 55 Nov 4, 2025 IFRS
Oct - Mar, 2025 New 159,972 16,038 ー 12,209 139.2 55 Feb 2, 2026 IFRS
Revision Rate +4.2% +10.3% － +19.6% +19.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 310,000 31,000 ー 23,500 267.9 105 May 12, 2025 IFRS
Mar, 2026 New 316,500 32,500 ー 25,500 290.7 105 Feb 2, 2026 IFRS
Revision Rate +2.1% +4.8% － +8.5% +8.5%

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 151,639 9,131 11,298 6,540 70.9 50 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 159,972 16,038 ー 12,209 139.2 55 Feb 2, 2026 IFRS
YoY +5.5% +75.6% － +86.7% +96.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 287,267 27,200 31,489 21,831 233.7 75 May 13, 2024 IFRS
Mar, 2025 304,773 24,792 28,614 19,281 208.9 95 May 12, 2025 IFRS
Mar, 2026 Guidance 316,500 32,500 ー 25,500 290.7 105 Feb 2, 2026 IFRS
YoY +3.8% +31.1% － +32.3% +39.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 77,957 2,573 3,924 114 1.2 3.3 Feb 3, 2025 IFRS
Jan - Mar, 2025 73,682 6,558 7,374 6,426 69.6 8.9 May 12, 2025 IFRS
Apr - Jun, 2025 77,668 8,596 9,634 7,448 85.0 11.1 Aug 4, 2025 IFRS
Jul - Sep, 2025 78,860 7,866 8,475 5,843 66.7 10.0 Nov 4, 2025 IFRS
Oct - Dec, 2025 81,305 8,369 9,398 6,406 73.1 10.3 Feb 2, 2026 IFRS
YoY +4.3% +225.3% +139.5% +5,519.3% +5,890.2%

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