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ISHIHARA CHEMICAL, First Half Ordinary Profit Decreases by 5%
4462 ISHIHARA CHEMICAL CO.,LTD. 【J-GAAP】
Earnings ReportISHIHARA CHEMICAL CO.,LTD. <4462> [TSE Prime] announced its financial results in the afternoon session on October 30th (14:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 4.8% from the same period last year to 1.70 billion yen. Progress toward the full-year plan of 3.60 billion yen was 47.2%, also falling below the five-year average of 50.2%.
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 grow 13.7% from the same period last year, reaching 1.90 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 15.4% from the same period last year, reaching 1.04 billion yen. The operating profit margin rose from 16.0% in the same period last year to 16.8%.
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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 - Sep, 2023 | 10,035 | 1,062 | 1,152 | 903 | 60.4 | 46.9 | Oct 31, 2023 | J-GAAP |
| Apr - Sep, 2024 | 12,031 | 1,777 | 1,785 | 1,287 | 87.1 | 51.6 | Oct 31, 2024 | J-GAAP |
| Apr - Sep, 2025 | 11,590 | 1,646 | 1,700 | 1,269 | 92.9 | 47.2 | Oct 30, 2025 | J-GAAP |
| YoY | -3.7% | -7.4% | -4.8% | -1.4% | +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 | 11,800 | 1,690 | 1,730 | 1,220 | 89.3 | 22 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 11,590 | 1,646 | 1,700 | 1,269 | 92.9 | 22 | Oct 30, 2025 | J-GAAP |
| Revision Rate | -1.8% | -2.6% | -1.7% | +4.0% | +4.1% |
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 | 11,599 | 1,623 | 1,671 | 1,178 | 82.9 | 20 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 12,910 | 1,864 | 1,900 | 1,281 | 93.7 | 22 | Oct 30, 2025 | J-GAAP |
| YoY | +11.3% | +14.8% | +13.7% | +8.7% | +13.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 20,705 | 2,328 | 2,457 | 1,906 | 127.6 | 36 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 23,630 | 3,400 | 3,456 | 2,465 | 173.4 | 40 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 24,500 | 3,510 | 3,600 | 2,550 | 186.6 | 44 | May 15, 2025 | J-GAAP |
| YoY | +3.7% | +3.2% | +4.2% | +3.4% | +7.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 6,051 | 969 | 909 | 652 | 44.1 | 16.0 | Oct 31, 2024 | J-GAAP |
| Oct - Dec, 2024 | 5,977 | 879 | 969 | 714 | 49.6 | 14.7 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 5,622 | 744 | 702 | 464 | 32.7 | 13.2 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 5,566 | 632 | 651 | 458 | 33.6 | 11.4 | Jul 25, 2025 | J-GAAP |
| Jul - Sep, 2025 | 6,024 | 1,014 | 1,049 | 811 | 59.4 | 16.8 | Oct 30, 2025 | J-GAAP |
| YoY | -0.4% | +4.6% | +15.4% | +24.4% | +34.6% |
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