Aica Kogyo (4206) Q2 2025 earnings summary

Executive summary

• Achieved record highs in operating profit, ordinary profit, and net income for the first half of FY2025, marking five consecutive years of profit growth.

• Net sales for the six months ended September 30, 2025, rose 1.0% year-over-year to ¥121,351 million.

• Operating profit increased 1.5% year-over-year to ¥13,348 million, and net income attributable to owners of parent rose 6.4% to ¥9,424 million.

• Comprehensive income declined 65.0% year-over-year to ¥6,331 million, mainly due to a significant negative foreign currency translation adjustment.

Financial highlights

• Gross profit increased to ¥33,550 million from ¥32,254 million year-over-year.

• Ordinary profit grew 3.1% year-over-year to ¥14,671 million, with a 12.1% margin.

• Basic earnings per share rose 9.3% year-over-year to ¥151.29.

• Cash and cash equivalents at period end decreased to ¥55,313 million from ¥60,658 million at the previous period end.

Outlook and guidance

• Progressive dividend policy continues, with 16 consecutive years of dividend increases and no cuts for 27 years.

• FY2025 interim and year-end dividends forecast at ¥70 each; annual dividend forecast raised to ¥136.00 per share.

• Full-year forecast for fiscal year ending March 31, 2026: net sales ¥265,000 million (+6.6% YoY), operating profit ¥29,000 million (+5.8% YoY), ordinary profit ¥30,000 million (+4.6% YoY), profit attributable to owners of parent ¥18,300 million (+8.3% YoY), and basic EPS ¥291.55.