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Nissan Chemical, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase, Raises Record High Profit, Dividend Revised Upward by 4 Yen

Mon Nov 10, 2025 3:30 pm JST Earnings

4021 Nissan Chemical Corporation 【J-GAAP】

Earnings Report

Nissan Chemical Corporation <4021> [TSE Prime] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 6.6% from the same period last year, reaching 29.7 billion yen, resulting in an increase in profits compared to the previous forecast of a 3.0% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 3.0%, from the previous forecast of 57.3 billion yen to 59.0 billion yen (compared to 58.0 billion yen in the previous period), record profits reach two consecutive terms, turning to a 1.7% 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 October to March period (second half) is expected to decrease 2.9% from the same period last year to 29.2 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 176 yen to 180 yen (compared to 174 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 11.6 billion yen, a 2.2% decrease compared to the same period last year. The operating profit margin decreased from 23.4% in the same period last year to 19.1%.

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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 105,675 24,094 26,197 19,497 139.6 50.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 118,185 28,344 27,945 20,522 148.8 48.2 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 130,094 29,598 29,788 22,827 168.5 50.5 Nov 10, 2025 J-GAAP
YoY +10.1% +4.4% +6.6% +11.2% +13.2%

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 121,900 28,300 27,100 20,600 152.8 70 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 130,094 29,598 29,788 22,827 168.5 70 Nov 10, 2025 J-GAAP
Revision Rate +6.7% +4.6% +9.9% +10.8% +10.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 262,200 57,600 57,300 43,100 319.6 176 May 15, 2025 J-GAAP
Mar, 2026 New 272,200 59,000 59,000 44,000 326.3 180 Nov 10, 2025 J-GAAP
Revision Rate +3.8% +2.4% +3.0% +2.1% +2.1%

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 133,180 28,489 30,073 22,521 163.9 104 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 142,106 29,402 29,212 21,173 157.0 110 Nov 10, 2025 J-GAAP
YoY +6.7% +3.2% -2.9% -6.0% -4.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 226,705 48,201 51,629 38,033 272.8 164 May 13, 2024 J-GAAP
Mar, 2025 251,365 56,833 58,018 43,043 313.3 174 May 15, 2025 J-GAAP
Mar, 2026 Guidance 272,200 59,000 59,000 44,000 326.3 180 Nov 10, 2025 J-GAAP
YoY +8.3% +3.8% +1.7% +2.2% +4.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 59,497 13,918 11,916 8,932 64.8 23.4 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 56,647 12,736 15,381 11,186 81.2 22.5 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 76,533 15,753 14,692 11,335 82.5 20.6 May 15, 2025 J-GAAP
Apr - Jun, 2025 69,871 18,097 18,139 13,892 102.2 25.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 60,223 11,501 11,649 8,935 65.9 19.1 Nov 10, 2025 J-GAAP
YoY +1.2% -17.4% -2.2% +0.0% +1.8%

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