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TAIYO KAGAKU, First Half Ordinary Profit Unexpectedly Revised Upward by 27%

Tue Nov 4, 2025 3:40 pm JST Earnings

2902 TAIYO KAGAKU CO.,LTD. 【J-GAAP】

Earnings Report

TAIYO KAGAKU CO.,LTD. <2902> [NSE Main] announced its financial results after the market closed on November 4th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 27.5% from the same period last year, reaching 3.87 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.3% decrease.

Progress toward the full-year plan of 6.00 billion yen was 64.6%, almost the same as the five-year average of 62.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 39.9% from the same period last year to 2.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 40.6% from the same period last year, reaching 2.11 billion yen. The operating profit margin rose from 12.4% in the same period last year to 14.7%.

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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
Apr - Sep, 2023 24,517 2,464 2,658 1,721 101.7 90.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 24,986 2,963 3,041 2,252 132.8 46.3 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 26,023 3,608 3,876 2,391 141.7 64.6 Nov 4, 2025 J-GAAP
YoY +4.2% +21.8% +27.5% +6.2% +6.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 26,000 3,000 3,000 2,000 118.5 20 May 7, 2025 J-GAAP
Apr - Sep, 2025 Results 26,023 3,608 3,876 2,391 141.7 20 Nov 4, 2025 J-GAAP
Revision Rate +0.1% +20.3% +29.2% +19.6% +19.6%

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 25,058 3,249 3,532 2,372 140.1 72 May 7, 2025 J-GAAP
Oct - Mar, 2025 Guidance 24,977 2,392 2,124 1,609 95.3 63 Nov 4, 2025 J-GAAP
YoY -0.3% -26.4% -39.9% -32.2% -32.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 47,665 4,512 2,954 2,411 142.4 55 May 7, 2024 J-GAAP
Mar, 2025 50,044 6,212 6,573 4,624 273.2 82 May 7, 2025 J-GAAP
Mar, 2026 Guidance 51,000 6,000 6,000 4,000 236.9 83 May 7, 2025 J-GAAP
YoY +1.9% -3.4% -8.7% -13.5% -13.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,525 1,548 1,505 1,270 74.9 12.4 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 12,939 1,620 1,842 1,265 74.6 12.5 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 12,119 1,629 1,690 1,107 65.4 13.4 May 7, 2025 J-GAAP
Apr - Jun, 2025 12,779 1,658 1,760 1,038 61.6 13.0 Aug 4, 2025 J-GAAP
Jul - Sep, 2025 13,244 1,950 2,116 1,353 80.2 14.7 Nov 4, 2025 J-GAAP
YoY +5.7% +26.0% +40.6% +6.5% +7.1%

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