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NIPPON KAYAKU, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 11%
4272 NIPPON KAYAKU CO.,LTD. 【J-GAAP】
Earnings ReportNIPPON KAYAKU CO.,LTD. <4272> [TSE Prime] announced its financial results after the market closed on February 2nd (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 11.0% from the same period last year to 18.7 billion yen. However, Progress toward the full-year plan of 20.9 billion yen was 89.5%, also surpassing the five-year average of 79.9%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 74.0% from the same period last year, reaching 2.19 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 7.85 billion yen, a 15.8% decrease compared to the same period last year. The operating profit margin decreased from 11.8% in the same period last year to 9.3%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 149,753 | 4,111 | 7,473 | 2,829 | 17.1 | 59.5 | Jan 31, 2024 | J-GAAP |
| Apr - Dec, 2024 | 167,955 | 18,114 | 21,003 | 13,312 | 81.0 | 94.3 | Feb 3, 2025 | J-GAAP |
| Apr - Dec, 2025 | 174,598 | 16,321 | 18,702 | 17,323 | 112.4 | 89.5 | Feb 2, 2026 | J-GAAP |
| YoY | +4.0% | -9.9% | -11.0% | +30.1% | +38.7% |
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 | 113,475 | 9,241 | 10,600 | 11,534 | 70.6 | 37.50 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 126,225 | 10,682 | 10,057 | 8,711 | 58.0 | 30 | Nov 11, 2025 | J-GAAP |
| YoY | +11.2% | +15.6% | -5.1% | -24.5% | -17.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 201,791 | 7,337 | 12,562 | 4,113 | 24.8 | 45 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 222,584 | 20,401 | 22,266 | 17,508 | 107.2 | 60 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 239,800 | 21,300 | 20,900 | 20,400 | 135.9 | 60 | Nov 11, 2025 | J-GAAP |
| YoY | +7.7% | +4.4% | -6.1% | +16.5% | +26.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 58,846 | 6,954 | 9,337 | 7,338 | 44.7 | 11.8 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 54,629 | 2,287 | 1,263 | 4,196 | 25.7 | 4.2 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 54,758 | 4,367 | 4,067 | 4,292 | 27.3 | 8.0 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 58,817 | 6,251 | 6,776 | 7,397 | 47.5 | 10.6 | Nov 11, 2025 | J-GAAP |
| Oct - Dec, 2025 | 61,023 | 5,703 | 7,859 | 5,634 | 36.6 | 9.3 | Feb 2, 2026 | J-GAAP |
| YoY | +3.7% | -18.0% | -15.8% | -23.2% | -18.2% |
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