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ASAHI KAGAKU, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 15% Increase

Mon Apr 13, 2026 3:30 pm JST Earnings

7928 ASAHI KAGAKU KOGYO CO.,LTD 【J-GAAP】

Earnings Report

ASAHI KAGAKU KOGYO CO.,LTD <7928> [TSE Std] announced its financial results after the market closed on April 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) expanded 94 million yen, an increase 91.8% compared to the same period last year, exceeded the previous forecast of 60 million yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 18.2%, from the previous forecast of 110 million yen to 130 million yen (compared to 113 million yen in the previous period), turning to a 15.0% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (second half) is expected to drop 43.8% from the same period last year to 36 million yen.

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit decreased to 28 million yen, a 30.0% decrease compared to the same period last year. However, the operating profit/loss margin improved from -0.4% in the same period last year to 1.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Sep - Feb, 2023 3,811 -28 29 23 7.6 15.9 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 4,477 -36 49 5 1.8 43.4 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 4,542 57 94 32 10.6 72.3 Apr 13, 2026 J-GAAP
YoY +1.5% － +91.8% +540.0% +494.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Guidance 4,100 35 60 30 9.9 5 Oct 14, 2025 J-GAAP
Sep - Feb, 2025 Results 4,542 57 94 32 10.6 5 Apr 13, 2026 J-GAAP
Revision Rate +10.8% +62.9% +56.7% +6.7% +7.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2026 Prev 7,850 40 110 50 16.5 10 Oct 14, 2025 J-GAAP
Aug, 2026 New 8,500 70 130 50 16.5 10 Apr 13, 2026 J-GAAP
Revision Rate +8.3% +75.0% +18.2% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 3,882 -9 64 42 13.5 5 Oct 14, 2025 J-GAAP
Mar - Aug, 2026 Guidance 3,958 13 36 18 5.9 5 Apr 13, 2026 J-GAAP
YoY +2.0% － -43.8% -57.1% -56.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 8,340 37 182 93 30.0 12 Oct 11, 2024 J-GAAP
Aug, 2025 8,359 -45 113 47 15.1 10 Oct 14, 2025 J-GAAP
Aug, 2026 Guidance 8,500 70 130 50 16.5 10 Apr 13, 2026 J-GAAP
YoY +1.7% － +15.0% +6.4% +9.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 2,178 -9 40 11 3.9 -0.4 Apr 14, 2025 J-GAAP
Mar - May, 2025 1,868 -15 25 19 6.2 -0.8 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 2,014 6 39 23 7.4 0.3 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 2,325 34 66 35 11.4 1.5 Jan 13, 2026 J-GAAP
Dec - Feb, 2025 2,217 23 28 -3 -1.0 1.0 Apr 13, 2026 J-GAAP
YoY +1.8% － -30.0% － －

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