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KANEKA, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 4% Decrease

Wed Nov 12, 2025 4:00 pm JST Earnings

4118 KANEKA CORPORATION 【J-GAAP】

Earnings Report

KANEKA CORPORATION <4118> [TSE Prime] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 18.3% from the same period last year to 11.7 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 17.4%, from the previous forecast of 38.0 billion yen to 31.4 billion yen (compared to 32.8 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 4.5% decrease in profit.

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 grow 6.3% from the same period last year, reaching 19.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 34.8% from the same period last year, reaching 5.72 billion yen. However, the operating profit margin worsened from 4.5% in the same period last year to 3.4%.

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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 370,116 12,606 12,741 8,897 137.1 43.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 395,963 19,101 14,391 10,162 160.5 43.8 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 397,428 14,963 11,762 11,049 176.5 37.5 Nov 12, 2025 J-GAAP
YoY +0.4% -21.7% -18.3% +8.7% +10.0%

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 ー ー ー ー － 80 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 397,428 14,963 11,762 11,049 176.5 80 Nov 12, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 820,000 42,000 38,000 33,000 540.8 160 May 14, 2025 J-GAAP
Mar, 2026 New 800,000 37,000 31,400 33,000 540.8 160 Nov 12, 2025 J-GAAP
Revision Rate -2.4% -11.9% -17.4% 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
Oct - Mar, 2024 411,237 20,949 18,472 15,147 239.9 70 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 402,572 22,037 19,638 21,951 359.7 80 Nov 12, 2025 J-GAAP
YoY -2.1% +5.2% +6.3% +44.9% +49.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 762,302 32,579 29,222 23,220 357.9 110 May 14, 2024 J-GAAP
Mar, 2025 807,200 40,050 32,863 25,309 400.9 130 May 14, 2025 J-GAAP
Mar, 2026 Guidance 800,000 37,000 31,400 33,000 540.8 160 Nov 12, 2025 J-GAAP
YoY -0.9% -7.6% -4.5% +30.4% +34.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 197,581 8,825 4,245 3,129 49.4 4.5 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 207,085 10,034 11,677 7,574 119.9 4.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 204,152 10,915 6,795 7,573 120.0 5.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 198,682 8,161 6,038 4,261 67.7 4.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 198,746 6,802 5,724 6,788 108.4 3.4 Nov 12, 2025 J-GAAP
YoY +0.6% -22.9% +34.8% +116.9% +119.5%

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