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TOKYO PRINTING INK, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 21%, Dividend Revised Upward by 15 Yen

Mon Feb 9, 2026 2:00 pm JST Earnings

4635 TOKYO PRINTING INK MFG. CO., LTD. 【J-GAAP】

Earnings Report

TOKYO PRINTING INK MFG. CO., LTD. <4635> [TSE Std] announced its financial results in the afternoon session on February 9th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 2.2 times that of the same period last year, reaching 2.18 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 20.5%, from the previous forecast of 1.95 billion yen to 2.35 billion yen (compared to 0.70 billion yen in the previous period), increasing the growth rate from 2.8 times to 3.3 times.

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 53.5%, from the previous forecast of 0.74 billion yen to 1.14 billion yen (compared to 0.41 billion yen in the same period of the previous year), increasing the growth rate from 80.0% to 2.8 times.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 152 yen to 167 yen (compared to 190 yen before the 5-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 37.8% from the same period last year, reaching 0.97 billion yen. The operating profit margin improved from 5.4% in the same period last year to 6.1%.

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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 32,988 675 943 786 60.0 95.6 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 34,820 947 999 810 61.0 141.7 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 37,597 1,908 2,180 1,846 145.4 92.8 Feb 9, 2026 J-GAAP
YoY +8.0% +101.5% +118.2% +127.9% +138.4%

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 22,964 704 747 1,015 81.2 22 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 25,264 1,004 1,147 1,165 93.2 37 Feb 9, 2026 J-GAAP
Revision Rate +10.0% +42.6% +53.5% +14.8% +14.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 47,300 1,800 1,950 1,800 144.0 48 Nov 7, 2025 J-GAAP
Mar, 2026 New 49,600 2,100 2,350 1,950 156.0 63 Feb 9, 2026 J-GAAP
Revision Rate +4.9% +16.7% +20.5% +8.3% +8.3%

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 24,549 1,042 415 876 66.1 26 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 25,264 1,004 1,147 1,165 93.2 37 Feb 9, 2026 J-GAAP
YoY +2.9% -3.6% +176.4% +33.0% +41.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 43,922 768 986 881 67.2 20 May 14, 2024 J-GAAP
Mar, 2025 46,806 1,309 705 1,180 89.0 38 May 13, 2025 J-GAAP
Mar, 2026 Guidance 49,600 2,100 2,350 1,950 156.0 63 Feb 9, 2026 J-GAAP
YoY +6.0% +60.4% +233.3% +65.3% +75.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 12,563 680 709 506 38.1 5.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 11,986 362 -294 370 27.9 3.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 12,027 567 660 448 35.1 4.7 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 12,309 529 543 337 26.5 4.3 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 13,261 812 977 1,061 83.6 6.1 Feb 9, 2026 J-GAAP
YoY +5.6% +19.4% +37.8% +109.7% +119.3%

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