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SANYO CHEMICAL, Net Income Forecast for the Fiscal Year Revised Downward by 13%

Mon Feb 9, 2026 4:30 pm JST Earnings

4471 SANYO CHEMICAL INDUSTRIES,LTD. 【J-GAAP】

Earnings Report

SANYO CHEMICAL INDUSTRIES,LTD. <4471> [TSE Prime] announced its financial results after the market closed on February 9th (16:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 3.5 times that of the same period last year, reaching 12.8 billion yen.

However, the full-year forecast for consolidated net income has decreased 12.5%, from the previous forecast of 16.0 billion yen to 14.0 billion yen (compared to 4.15 billion yen in the previous period), leading to a reduction in the profit growth rate from 3.9 times to 3.4 times.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (second half) has decreased 35.8%, from the previous forecast of 5.58 billion yen to 3.58 billion yen (compared to 3.21 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 73.9% to 11.6%.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 2.39 billion yen, an 11.5% decrease compared to the same period last year. However, the operating profit margin improved from 7.1% in the same period last year to 10.0%.

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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 122,132 4,217 6,884 2,980 135.0 84.1 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 111,108 6,872 8,588 3,640 164.7 88.8 Feb 5, 2025 J-GAAP
Apr - Dec, 2025 96,600 7,558 9,393 12,807 579.0 85.4 Feb 9, 2026 J-GAAP
YoY -13.1% +10.0% +9.4% +251.8% +251.5%

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 66,221 5,710 5,970 5,583 252.4 85 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 66,221 5,710 5,970 3,583 162.0 85 Feb 9, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -35.8% -35.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 130,000 10,000 11,000 16,000 723.3 170 Aug 1, 2025 J-GAAP
Mar, 2026 New 130,000 10,000 11,000 14,000 632.9 170 Feb 9, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -12.5% -12.5%

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 65,228 3,986 4,679 3,211 145.3 85 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 66,221 5,710 5,970 3,583 162.0 85 Feb 9, 2026 J-GAAP
YoY +1.5% +43.3% +27.6% +11.6% +11.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 159,510 4,886 8,186 -8,501 -385.0 170 May 14, 2024 J-GAAP
Mar, 2025 142,258 8,439 9,670 4,151 187.8 170 May 8, 2025 J-GAAP
Mar, 2026 Guidance 130,000 10,000 11,000 14,000 632.9 170 Feb 9, 2026 J-GAAP
YoY -8.6% +18.5% +13.8% +237.3% +237.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 34,078 2,419 3,597 2,700 122.2 7.1 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 31,150 1,567 1,082 511 23.1 5.0 May 8, 2025 J-GAAP
Apr - Jun, 2025 31,987 1,858 2,285 8,992 406.5 5.8 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 31,792 2,432 2,745 1,425 64.4 7.6 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 32,821 3,268 4,363 2,390 108.1 10.0 Feb 9, 2026 J-GAAP
YoY -3.7% +35.1% +21.3% -11.5% -11.6%

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