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Daicel, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 80% Decrease

Thu Mar 26, 2026 6:30 pm JST Revision

4202 Daicel Corporation 【J-GAAP】

Guidance Update Report

Daicel Corporation <4202> [TSE Prime] announced a performance revision after the market closed on March 26th (18:30). The consolidated net income forecast for the fiscal year ending March 2026 has decreased 80.0%, from the previous forecast of 50.0 billion yen to 10.0 billion yen (compared to 49.4 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 79.8% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income/loss has been revised downward from an expected profit of 31.1 billion yen to a loss of 8.80 billion yen (compared to a profit of 17.4 billion yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

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 305,881 26,379 27,129 31,198 121.4 30 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 298,881 20,879 22,629 -8,802 -34.2 30 Mar 26, 2026 J-GAAP
Revision Rate -2.3% -20.8% -16.6% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 583,000 46,500 47,500 50,000 194.6 60 Nov 6, 2025 J-GAAP
Mar, 2026 New 576,000 41,000 43,000 10,000 38.9 60 Mar 26, 2026 J-GAAP
Revision Rate -1.2% -11.8% -9.5% -80.0% -80.0%

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 296,843 29,404 31,575 17,427 63.9 30 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 298,881 20,879 22,629 -8,802 -34.2 30 Mar 26, 2026 J-GAAP
YoY +0.7% -29.0% -28.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 558,056 62,393 68,396 55,834 197.6 50 May 9, 2024 J-GAAP
Mar, 2025 586,531 61,011 62,320 49,480 181.4 60 May 13, 2025 J-GAAP
Mar, 2026 Guidance 576,000 41,000 43,000 10,000 38.9 60 Mar 26, 2026 J-GAAP
YoY -1.8% -32.8% -31.0% -79.8% -78.6%

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