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ADEKA, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 3%
4401 ADEKA CORPORATION 【J-GAAP】
Earnings ReportADEKA CORPORATION <4401> [TSE Prime] announced its financial results in the afternoon session on February 10th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 30.3 billion yen, a 2.4% increase compared to the same period last year.
However, the full-year forecast for consolidated ordinary profit has decreased 3.5%, from the previous forecast of 43.0 billion yen to 41.5 billion yen (compared to 39.3 billion yen in the previous period), leading to a reduction in the profit growth rate from 9.3% to 5.5%.
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 6.5%, from the previous forecast of 23.0 billion yen to 21.5 billion yen (compared to 22.4 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 4.4% decrease in profit.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 10.3 billion yen, an 18.8% decrease compared to the same period last year. The operating profit margin decreased from 11.6% in the same period last year to 9.4%.
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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 | 286,491 | 24,046 | 24,580 | 16,455 | 161.0 | 68.7 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 296,384 | 30,081 | 29,672 | 19,208 | 188.4 | 75.4 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 296,791 | 29,307 | 30,395 | 19,855 | 196.9 | 73.2 | Feb 10, 2026 | J-GAAP |
| YoY | +0.1% | -2.6% | +2.4% | +3.4% | +4.5% |
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 | 245,290 | 23,235 | 23,001 | 13,981 | 141.9 | 52 | Nov 11, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 219,290 | 21,735 | 21,501 | 13,081 | 132.7 | 52 | Feb 10, 2026 | J-GAAP |
| Revision Rate | -10.6% | -6.5% | -6.5% | -6.4% | -6.4% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 441,000 | 43,000 | 43,000 | 26,400 | 267.9 | 104 | May 14, 2025 | J-GAAP |
| Mar, 2026 New | 415,000 | 41,500 | 41,500 | 25,500 | 258.7 | 104 | Feb 10, 2026 | J-GAAP |
| Revision Rate | -5.9% | -3.5% | -3.5% | -3.4% | -3.4% |
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 | 212,070 | 22,714 | 22,480 | 13,534 | 132.8 | 52 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 219,290 | 21,735 | 21,501 | 13,081 | 132.7 | 52 | Feb 10, 2026 | J-GAAP |
| YoY | +3.4% | -4.3% | -4.4% | -3.3% | -0.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 399,770 | 35,428 | 35,763 | 22,977 | 224.9 | 90 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 407,145 | 41,010 | 39,346 | 25,019 | 245.6 | 100 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 415,000 | 41,500 | 41,500 | 25,500 | 258.7 | 104 | Feb 10, 2026 | J-GAAP |
| YoY | +1.9% | +1.2% | +5.5% | +1.9% | +5.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 101,309 | 11,785 | 12,806 | 7,723 | 75.8 | 11.6 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 110,761 | 10,929 | 9,674 | 5,811 | 57.0 | 9.9 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 101,600 | 10,996 | 11,064 | 7,245 | 71.2 | 10.8 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 94,110 | 8,769 | 8,935 | 5,174 | 51.0 | 9.3 | Nov 11, 2025 | J-GAAP |
| Oct - Dec, 2025 | 101,081 | 9,542 | 10,396 | 7,436 | 73.7 | 9.4 | Feb 10, 2026 | J-GAAP |
| YoY | -0.2% | -19.0% | -18.8% | -3.7% | -2.7% |
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