Adeka (4401) Q1 2027 earnings summary

Executive summary

• Net sales rose 15.2% year-over-year to ¥117.0 billion in Q1 FY2026, with operating profit up 42.7% to ¥15.6 billion and profit attributable to owners up 47.8% to ¥10.7 billion.

• Growth was driven by strong demand in chemicals, semiconductor materials, and life science, while food products saw increased sales but decreased profit due to higher raw material costs.

• Overseas sales ratio increased to 55.9%, with overseas sales up ¥9.9 billion year-over-year.

• Full-year earnings and dividend forecasts were revised upward due to favorable business conditions and strong Q1 results.

• Accelerated investments in growth domains and supply systems to meet future demand.

Financial highlights

• Q1 net sales reached ¥117.0 billion, up ¥15.4 billion year-over-year.

• Operating profit rose ¥4.6 billion to ¥15.6 billion; ordinary profit up 50.2% to ¥16.6 billion.

• Quarterly profit increased ¥3.4 billion to ¥10.7 billion; EPS up ¥38.9 to ¥110.1.

• Comprehensive income nearly doubled to ¥20,357 million from ¥10,227 million a year earlier.

• Gross profit margin improved, with gross profit at ¥35,429 million versus ¥28,950 million last year.

Outlook and guidance

• FY2026 forecast: ¥462.0 billion net sales, ¥50.0 billion operating and ordinary profit, ¥32.0 billion profit attributable to owners.

• Forecasts revised upward from May: net sales +¥9.0 billion, operating profit +¥3.2 billion.

• Annual dividend forecast raised to ¥132.00 per share, including a commemorative dividend; interim dividend at ¥66 per share.

• Dividend payout ratio maintained at 40%+; 18 consecutive years without a dividend reduction.