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ASAHI KASEI, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 6%, Highest in Seven Terms

Wed Feb 4, 2026 12:30 pm JST Earnings

3407 ASAHI KASEI CORPORATION 【J-GAAP】

Earnings Report

ASAHI KASEI CORPORATION <3407> [TSE Prime] announced its financial results at noon (12:30) on February 4th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 17.7% from the same period last year, reaching 179 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 5.5%, from the previous forecast of 217 billion yen to 229 billion yen (compared to 193 billion yen in the previous period), increasing the growth rate from 12.2% to 18.4%, reaches new record high for the first time in seven terms.

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 10.8%, from the previous forecast of 110 billion yen to 122 billion yen (compared to 89.7 billion yen in the same period of the previous year), increasing the growth rate from 23.6% to 37.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 50.4% from the same period last year, reaching 73.6 billion yen. The operating profit margin improved from 7.1% in the same period last year to 8.6%.

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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 2,064,146 98,499 90,502 58,565 42.3 100.4 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 2,259,252 163,776 152,673 98,319 71.0 78.9 Feb 5, 2025 J-GAAP
Apr - Dec, 2025 2,261,263 173,949 179,689 120,607 88.8 78.5 Feb 4, 2026 J-GAAP
YoY +0.1% +6.2% +17.7% +22.7% +25.1%

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 1,593,632 113,546 110,932 73,734 54.3 20 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 1,578,632 117,546 122,932 78,734 58.1 20 Feb 4, 2026 J-GAAP
Revision Rate -0.9% +3.5% +10.8% +6.8% +6.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 3,080,000 221,000 217,000 140,000 103.1 40 Nov 5, 2025 J-GAAP
Mar, 2026 New 3,065,000 225,000 229,000 145,000 106.9 40 Feb 4, 2026 J-GAAP
Revision Rate -0.5% +1.8% +5.5% +3.6% +3.7%

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 1,546,978 103,006 89,752 74,748 54.2 20 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,578,632 117,546 122,932 78,734 58.1 20 Feb 4, 2026 J-GAAP
YoY +2.0% +14.1% +37.0% +5.3% +7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,784,878 140,746 90,118 43,806 31.6 36 May 9, 2024 J-GAAP
Mar, 2025 3,037,312 211,921 193,459 134,996 97.9 38 May 9, 2025 J-GAAP
Mar, 2026 Guidance 3,065,000 225,000 229,000 145,000 106.9 40 Feb 4, 2026 J-GAAP
YoY +0.9% +6.2% +18.4% +7.4% +9.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 768,918 54,861 48,966 38,071 27.5 7.1 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 778,060 48,145 40,786 36,677 26.6 6.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 738,321 53,653 49,957 19,716 14.5 7.3 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 748,047 53,801 56,111 46,550 34.3 7.2 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 774,895 66,495 73,621 54,341 40.0 8.6 Feb 4, 2026 J-GAAP
YoY +0.8% +21.2% +50.4% +42.7% +45.6%

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