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Daicel, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 24%, Oct-Dec Ordinary Profit Decreases by 4%
4202 Daicel Corporation 【J-GAAP】
Earnings ReportDaicel Corporation <4202> [TSE Prime] announced its financial results in the afternoon session on February 5th (13:20). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 24.3% from the same period last year to 33.8 billion yen. Progress toward the full-year plan of 47.5 billion yen was 71.3%, almost the same as the five-year average of 70.5%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 22.3% from the same period last year to 13.6 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 13.5 billion yen, a 3.8% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 8.1% in the same period last year to 8.3%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 414,276 | 44,487 | 48,171 | 44,209 | 155.4 | 70.4 | Feb 6, 2024 | J-GAAP |
| Apr - Dec, 2024 | 432,545 | 43,245 | 44,795 | 44,042 | 160.3 | 71.9 | Feb 5, 2025 | J-GAAP |
| Apr - Dec, 2025 | 424,824 | 32,444 | 33,891 | 35,703 | 135.0 | 71.3 | Feb 5, 2026 | J-GAAP |
| YoY | -1.8% | -25.0% | -24.3% | -18.9% | -15.8% |
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 | 296,843 | 29,404 | 31,575 | 17,427 | 63.9 | 30 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 305,881 | 26,379 | 27,129 | 31,198 | 121.1 | 30 | Nov 6, 2025 | J-GAAP |
| YoY | +3.0% | -10.3% | -14.1% | +79.0% | +89.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 558,056 | 62,393 | 68,396 | 55,834 | 197.6 | 50 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 586,531 | 61,011 | 62,320 | 49,480 | 181.4 | 60 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 583,000 | 46,500 | 47,500 | 50,000 | 194.0 | 60 | Nov 6, 2025 | J-GAAP |
| YoY | -0.6% | -23.8% | -23.8% | +1.1% | +6.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 142,857 | 11,638 | 14,050 | 11,989 | 43.6 | 8.1 | Feb 5, 2025 | J-GAAP |
| Jan - Mar, 2025 | 153,986 | 17,766 | 17,525 | 5,438 | 19.9 | 11.5 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 139,270 | 13,043 | 12,343 | 9,620 | 36.3 | 9.4 | Aug 1, 2025 | J-GAAP |
| Jul - Sep, 2025 | 137,849 | 7,078 | 8,028 | 9,182 | 34.6 | 5.1 | Nov 6, 2025 | J-GAAP |
| Oct - Dec, 2025 | 147,705 | 12,323 | 13,520 | 16,901 | 63.9 | 8.3 | Feb 5, 2026 | J-GAAP |
| YoY | +3.4% | +5.9% | -3.8% | +41.0% | +46.4% |
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