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EIKEN CHEMICAL, Jul-Sep (2Q) Ordinary Profit Decreases by 13%
4549 EIKEN CHEMICAL CO.,LTD. 【J-GAAP】
Earnings ReportEIKEN CHEMICAL CO.,LTD. <4549> [TSE Prime] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 1.73 billion yen, a 1.9% increase compared to the same period last year. Progress toward the full-year plan of 3.10 billion yen was 55.8%, almost the same as the five-year average of 57.9%.
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 decrease 8.7% from the same period last year to 1.37 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.91 billion yen, a 13.2% decrease compared to the same period last year. The operating profit margin worsened from 9.6% in the same period last year to 9.1%.
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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 | 20,264 | 2,148 | 2,225 | 1,618 | 43.7 | 62.4 | Oct 26, 2023 | J-GAAP |
| Apr - Sep, 2024 | 19,729 | 1,566 | 1,698 | 1,309 | 37.8 | 53.1 | Oct 31, 2024 | J-GAAP |
| Apr - Sep, 2025 | 20,430 | 1,729 | 1,730 | 2,979 | 90.4 | 55.8 | Oct 30, 2025 | J-GAAP |
| YoY | +3.6% | +10.4% | +1.9% | +127.6% | +139.0% |
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 | 21,200 | 2,120 | 2,050 | 3,030 | 92.5 | 29 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 20,430 | 1,729 | 1,730 | 2,979 | 90.4 | 29 | Oct 30, 2025 | J-GAAP |
| Revision Rate | -3.6% | -18.4% | -15.6% | -1.7% | -2.3% |
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 | 20,810 | 1,433 | 1,500 | 919 | 26.7 | 27 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 21,770 | 1,521 | 1,370 | 791 | 24.0 | 29 | Oct 30, 2025 | J-GAAP |
| YoY | +4.6% | +6.1% | -8.7% | -13.9% | -10.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 40,052 | 3,377 | 3,568 | 2,634 | 71.7 | 51 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 40,539 | 2,999 | 3,198 | 2,228 | 64.8 | 53 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 42,200 | 3,250 | 3,100 | 3,770 | 114.4 | 58 | May 13, 2025 | J-GAAP |
| YoY | +4.1% | +8.4% | -3.1% | +69.2% | +76.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 10,210 | 983 | 1,057 | 823 | 23.8 | 9.6 | Oct 31, 2024 | J-GAAP |
| Oct - Dec, 2024 | 10,911 | 1,068 | 1,137 | 807 | 23.4 | 9.8 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 9,899 | 365 | 363 | 112 | 3.3 | 3.7 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 10,197 | 800 | 813 | 600 | 18.2 | 7.8 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 10,233 | 929 | 917 | 2,379 | 72.2 | 9.1 | Oct 30, 2025 | J-GAAP |
| YoY | +0.2% | -5.5% | -13.2% | +189.1% | +203.6% |
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