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SEIKAGAKU, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 22%

Fri Feb 6, 2026 4:00 pm JST Earnings

4548 SEIKAGAKU CORPORATION 【J-GAAP】

Earnings Report

SEIKAGAKU CORPORATION <4548> [TSE Prime] announced its financial results after the market closed on February 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 57.7% from the same period last year to 1.57 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 22.2%, from the previous forecast of 1.35 billion yen to 1.05 billion yen (compared to 1.93 billion yen in the previous period), leading to an increase in the profit decline rate from 30.2% to 45.7%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 36.6%, from the previous forecast of 0.81 billion yen to 0.51 billion yen (compared to a loss of 0.42 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.03 billion yen, a 23.4% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 5.1% in the same period last year to -0.9%.

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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 27,384 2,328 3,049 2,701 49.5 180.3 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 30,445 3,057 3,711 3,088 56.6 192.0 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 26,934 -636 1,570 1,119 20.5 149.5 Feb 6, 2026 J-GAAP
YoY -11.5% － -57.7% -63.8% -63.8%

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 17,690 257 819 1,121 20.5 15 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 New 18,490 -543 519 671 12.3 15 Feb 6, 2026 J-GAAP
Revision Rate +4.5% － -36.6% -40.1% -40.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 35,600 -300 1,350 1,350 24.7 30 May 13, 2025 J-GAAP
Mar, 2026 New 36,400 -1,100 1,050 900 16.5 30 Feb 6, 2026 J-GAAP
Revision Rate +2.2% -266.7% -22.2% -33.3% -33.3%

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 19,164 -1,204 -421 -717 -13.1 15 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 18,490 -543 519 671 12.3 15 Feb 6, 2026 J-GAAP
YoY -3.5% +54.9% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 36,213 433 1,691 2,186 40.1 26 May 13, 2024 J-GAAP
Mar, 2025 39,374 1,333 1,933 1,214 22.3 30 May 13, 2025 J-GAAP
Mar, 2026 Guidance 36,400 -1,100 1,050 900 16.5 30 Feb 6, 2026 J-GAAP
YoY -7.6% － -45.7% -25.9% -25.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 10,235 520 1,357 1,157 21.2 5.1 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 8,929 -1,724 -1,778 -1,874 -34.4 -19.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 8,731 -365 -132 -200 -3.7 -4.2 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 9,179 -192 663 429 7.9 -2.1 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 9,024 -79 1,039 890 16.3 -0.9 Feb 6, 2026 J-GAAP
YoY -11.8% － -23.4% -23.1% -23.1%

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