Adeka (4401) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, were ¥296.7 billion, up 0.1% year-over-year; operating profit declined by 2.6% to ¥29.3 billion, while ordinary profit rose 2.4% to ¥30.3 billion; profit attributable to owners increased 3.4% to ¥19.8 billion, with EPS at ¥196.9.

• Comprehensive income surged 51.8% year-over-year to ¥36.3 billion.

Financial highlights

• Gross profit for the period was ¥84.8 billion, up from ¥84.0 billion year-over-year.

• Basic earnings per share rose to ¥196.9, up ¥8.4 year-over-year.

• Total assets increased to ¥558.4 billion from ¥543.1 billion as of March 31, 2025.

• Operating margin for the nine months was approximately 9.9%.

Outlook and guidance

• Full-year net sales forecast revised to ¥415.0 billion, up 1.9% year-over-year; operating and ordinary profit both forecast at ¥41.5 billion, up 1.2% and 5.5% respectively; profit attributable to owners projected at ¥25.5 billion, up 1.9% year-over-year.

• Earnings per share forecast reduced by ¥1.8 to ¥257.7.

• Annual dividend forecast raised to ¥104 per share, with a payout ratio target of 40% or more.

• Recovery in polymer additives and semiconductor materials expected in Q4, with new product launches and market recovery anticipated.

• Food products and life science segments' profit outlook remains unchanged.