TAIYO KAGAKU, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 6% Increase, Raises Record High Profit, Dividend Revised Upward by 21 Yen

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Mon Feb 2, 2026 3:40 pm JST Earnings

2902 TAIYO KAGAKU CO.,LTD. 【J-GAAP】

Earnings Report

TAIYO KAGAKU CO.,LTD. <2902> [NSE Main] announced its financial results after the market closed on February 2nd (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 22.6% from the same period last year, reaching 5.98 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 16.7%, from the previous forecast of 6.00 billion yen to 7.00 billion yen (compared to 6.57 billion yen in the previous period), record profits reach two consecutive terms, turning to a 6.5% 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) has been revised upward 47.1%, from the previous forecast of 2.12 billion yen to 3.12 billion yen (compared to 3.53 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 39.9% to 11.6%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 83 yen to 104 yen (compared to 82 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 14.6% from the same period last year, reaching 2.11 billion yen. The operating profit margin rose from 12.5% in the same period last year to 13.8%.

Kabutan News

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	36,599	3,493	3,681	2,438	144.0	124.6	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	37,925	4,583	4,883	3,517	207.5	74.3	Feb 10, 2025	J-GAAP
Apr - Dec, 2025	39,577	5,476	5,987	3,804	225.4	85.5	Feb 2, 2026	J-GAAP
YoY	+4.4%	+19.5%	+22.6%	+8.2%	+8.6%

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	24,977	2,392	2,124	1,609	95.3	63	Nov 4, 2025	J-GAAP
Oct - Mar, 2025 New	25,977	3,392	3,124	2,609	154.5	84	Feb 2, 2026	J-GAAP
Revision Rate	+4.0%	+41.8%	+47.1%	+62.2%	+62.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	51,000	6,000	6,000	4,000	236.9	83	May 7, 2025	J-GAAP
Mar, 2026 New	52,000	7,000	7,000	5,000	296.1	104	Feb 2, 2026	J-GAAP
Revision Rate	+2.0%	+16.7%	+16.7%	+25.0%	+25.0%

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	25,058	3,249	3,532	2,372	140.1	72	May 7, 2025	J-GAAP
Oct - Mar, 2025 Guidance	25,977	3,392	3,124	2,609	154.5	84	Feb 2, 2026	J-GAAP
YoY	+3.7%	+4.4%	-11.6%	+10.0%	+10.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	47,665	4,512	2,954	2,411	142.4	55	May 7, 2024	J-GAAP
Mar, 2025	50,044	6,212	6,573	4,624	273.2	82	May 7, 2025	J-GAAP
Mar, 2026 Guidance	52,000	7,000	7,000	5,000	296.1	104	Feb 2, 2026	J-GAAP
YoY	+3.9%	+12.7%	+6.5%	+8.1%	+8.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	12,939	1,620	1,842	1,265	74.6	12.5	Feb 10, 2025	J-GAAP
Jan - Mar, 2025	12,119	1,629	1,690	1,107	65.4	13.4	May 7, 2025	J-GAAP
Apr - Jun, 2025	12,779	1,658	1,760	1,038	61.6	13.0	Aug 4, 2025	J-GAAP
Jul - Sep, 2025	13,244	1,950	2,116	1,353	80.2	14.7	Nov 4, 2025	J-GAAP
Oct - Dec, 2025	13,554	1,868	2,111	1,413	83.7	13.8	Feb 2, 2026	J-GAAP
YoY	+4.8%	+15.3%	+14.6%	+11.7%	+12.2%