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TOKYO PRINTING INK, First Half Ordinary Profit Increases by 4.1 times, Jul-Sep Ordinary Profit Increases by 8.0 times

Fri Nov 7, 2025 2:00 pm JST Earnings

4635 TOKYO PRINTING INK MFG. CO., LTD. 【J-GAAP】

Earnings Report

TOKYO PRINTING INK MFG. CO., LTD. <4635> [TSE Std] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 4.1 times that of the same period last year, reaching 1.20 billion yen. Progress toward the full-year plan of 1.95 billion yen was 61.7%, also surpassing the five-year average of 38.0%.

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 expand 80.0% from the same period last year, reaching 0.74 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 122 yen to 152 yen (compared to 190 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 8.0 times that of the same period last year, reaching 0.54 billion yen. The operating profit margin significantly improved from 1.0% in the same period last year to 4.3%.

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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 21,267 253 499 383 29.2 50.6 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 22,257 267 290 304 22.9 41.1 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 24,336 1,096 1,203 785 61.7 61.7 Nov 7, 2025 J-GAAP
YoY +9.3% +310.5% +314.8% +158.2% +169.3%

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 24,100 1,060 1,150 800 63.2 20 Aug 5, 2025 J-GAAP
Apr - Sep, 2025 Results 24,336 1,096 1,203 785 61.7 26 Nov 7, 2025 J-GAAP
Revision Rate +1.0% +3.4% +4.6% -1.9% -2.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 47,300 1,800 1,950 1,800 142.3 42 Sep 25, 2025 J-GAAP
Mar, 2026 New 47,300 1,800 1,950 1,800 142.3 48 Nov 7, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 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 24,549 1,042 415 876 66.1 26 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 22,964 704 747 1,015 80.2 22 Nov 7, 2025 J-GAAP
YoY -6.5% -32.4% +80.0% +15.9% +21.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 43,922 768 986 881 67.2 20 May 14, 2024 J-GAAP
Mar, 2025 46,806 1,309 705 1,180 89.0 38 May 13, 2025 J-GAAP
Mar, 2026 Guidance 47,300 1,800 1,950 1,800 142.3 48 Nov 7, 2025 J-GAAP
YoY +1.1% +37.5% +176.6% +52.5% +59.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 11,264 115 68 140 10.6 1.0 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 12,563 680 709 506 38.1 5.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 11,986 362 -294 370 27.9 3.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 12,027 567 660 448 35.1 4.7 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 12,309 529 543 337 26.5 4.3 Nov 7, 2025 J-GAAP
YoY +9.3% +360.0% +698.5% +140.7% +150.9%

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