Aica Kogyo (4206) Q3 2025 earnings summary

Executive summary

• Achieved record highs in net sales, operating profit, ordinary profit, and net income for the nine months ended December 31, 2025, with profit growth for five consecutive fiscal years.

• Net sales for the nine months ended December 31, 2025, were ¥186,239 million, up 0.8% year-over-year.

• Operating profit rose 4.2% to ¥22,079 million, and ordinary profit increased 6.6% to ¥24,033 million year-over-year.

• Profit attributable to owners of parent grew 7.3% to ¥15,391 million compared to the same period last year.

Financial highlights

• Net sales rose 0.8% year-over-year to JPY 186,239 million for Q1–Q3 FY2025.

• Operating profit increased 4.2% year-over-year to JPY 22,079 million, with an 11.9% margin.

• Ordinary profit grew 6.6% year-over-year to JPY 24,033 million.

• Net income attributable to owners of parent rose 7.3% year-over-year to JPY 15,391 million.

• Gross profit increased to ¥52,177 million from ¥50,241 million year-over-year.

• Earnings per share increased 9.5% year-over-year to JPY 246.66.

• Total assets as of December 31, 2025, were ¥301,554 million, up from ¥288,058 million as of March 31, 2025.

• Net assets rose to ¥194,874 million from ¥189,723 million at the previous fiscal year-end.

Outlook and guidance

• Full-year forecasts: net sales JPY 265,000 million, operating profit JPY 29,000 million, ordinary profit JPY 30,000 million, net income JPY 18,300 million.

• 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%), ordinary profit ¥30,000 million (+4.6%), profit attributable to owners of parent ¥18,300 million (+8.3%), and basic EPS ¥291.55.

• Progress rates for Q1–Q3: 70.3% for net sales, 76.1% for operating profit, 80.1% for ordinary profit, 84.1% for net income.

• Dividend forecast for FY2025 revised upward to JPY 138, marking 16 consecutive years of increases.

• Annual dividend forecast revised to ¥138.00 per share.