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, with operating profit at ¥29.3 billion, down 2.6%, and profit attributable to owners at ¥19.8 billion, up 3.4%.

• Ordinary profit increased by ¥0.7 billion year-over-year to ¥30.3 billion.

• Earnings per share rose to ¥196.9, an increase of ¥8.4 per share year-over-year.

• Comprehensive income surged 51.8% year-over-year to ¥36,307 million.

Financial highlights

• Gross profit for the period was ¥84,752 million, up from ¥84,034 million year-over-year.

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

• Net margin attributable to owners of parent was about 6.7%.

• Overseas sales ratio stands at approximately 54%.

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

Outlook and guidance

• Full-year net sales forecast revised to ¥415 billion, up 1.9% year-over-year; operating and ordinary profit each forecast at ¥41.5 billion.

• Profit attributable to owners of parent projected at ¥25.5 billion, up 1.9% year-over-year.

• Earnings per share forecast at ¥257.7.

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

• Food products and life science segment outlooks remain unchanged; life science expects steady demand but higher fixed costs.