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TIGERS POLYMER, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 0.5% Increase, Dividend Revised Upward by 7 Yen

Mon Feb 9, 2026 4:00 pm JST Earnings

4231 TIGERS POLYMER CORPORATION 【J-GAAP】

Earnings Report

TIGERS POLYMER CORPORATION <4231> [TSE Std] announced its financial results after the market closed on February 9th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 28.2% from the same period last year, reaching 2.87 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 10.0%, from the previous forecast of 3.00 billion yen to 3.30 billion yen (compared to 3.28 billion yen in the previous period), turning to a 0.5% 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 26.0%, from the previous forecast of 1.15 billion yen to 1.45 billion yen (compared to 1.81 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 36.5% to 20.0%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 28 yen to 35 yen (compared to 53 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 32.8% from the same period last year, reaching 1.02 billion yen. The operating profit margin improved from 6.3% in the same period last year to 6.8%.

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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 37,087 3,004 3,693 2,557 128.5 86.2 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 35,206 1,933 2,245 1,304 65.8 68.4 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 36,761 2,506 2,877 1,921 97.3 87.2 Feb 9, 2026 J-GAAP
YoY +4.4% +29.6% +28.2% +47.3% +47.9%

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 23,508 1,046 1,152 495 25.1 14 Nov 12, 2025 J-GAAP
Oct - Mar, 2025 New 25,508 1,246 1,452 895 45.3 21 Feb 9, 2026 J-GAAP
Revision Rate +8.5% +19.1% +26.0% +80.8% +80.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 47,700 2,700 3,000 1,800 91.2 28 May 14, 2025 J-GAAP
Mar, 2026 New 49,700 2,900 3,300 2,200 111.4 35 Feb 9, 2026 J-GAAP
Revision Rate +4.2% +7.4% +10.0% +22.2% +22.2%

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 24,689 1,560 1,814 2,588 130.7 36 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 25,508 1,246 1,452 895 45.3 21 Feb 9, 2026 J-GAAP
YoY +3.3% -20.1% -20.0% -65.4% -65.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 47,862 3,194 4,286 3,019 151.7 47 May 15, 2024 J-GAAP
Mar, 2025 49,336 2,833 3,284 3,383 170.8 53 May 14, 2025 J-GAAP
Mar, 2026 Guidance 49,700 2,900 3,300 2,200 111.4 35 Feb 9, 2026 J-GAAP
YoY +0.7% +2.4% +0.5% -35.0% -34.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 10,559 660 775 509 25.7 6.3 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 14,130 900 1,039 2,079 105.0 6.4 May 14, 2025 J-GAAP
Apr - Jun, 2025 12,315 916 995 733 37.1 7.4 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 11,877 738 853 572 29.0 6.2 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 12,569 852 1,029 616 31.2 6.8 Feb 9, 2026 J-GAAP
YoY +19.0% +29.1% +32.8% +21.0% +21.5%

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