Daiichi Kigenso Kagaku Kogyo (4082) Q3 2026 earnings summary

Executive summary

• Net sales for 1Q–3Q FY3/2026 reached ¥26,314mn, up 5.0% year-over-year, with operating profit at ¥2,736mn, up 17.5% year-over-year, driven by solid performance in automotive catalyst and basic areas, and cost reductions in the Vietnam subsidiary.

• Ordinary profit increased 15.5% year-over-year to ¥2,328mn.

• Profit attributable to owners of parent was ¥1,992mn, up 24% year-over-year.

• Full-scale operations at the Vietnam factory since July 2025 contributed to stable production and cost efficiency, supporting supply chain resilience and added value for customers.

• Upward revisions to the full-year earnings forecast were announced in February 2026, reflecting stronger-than-expected demand and cost control.

Financial highlights

• Gross profit for 1Q–3Q FY3/2026 was ¥7,679mn, up 13.2% year-over-year; operating profit margin improved to 10.4% from 9.3%.

• Comprehensive income for the period was ¥150mn, down 78.4% year-over-year.

• Basic earnings per share for the nine months was ¥65.92; diluted EPS was ¥58.25.

• Total assets as of December 31, 2025, were ¥65,570mn; net assets were ¥37,893mn.

• Depreciation costs for the period were ¥2,458mn; R&D costs totaled ¥997mn.

Outlook and guidance

• FY3/2026 net sales forecast revised upward to ¥35,300mn (+4.9% YoY), with operating profit expected at ¥3,200mn (+40.2% YoY) and profit attributable to owners of parent at ¥1,700mn (+114.6% YoY).

• Ordinary profit forecast is ¥2,400mn, up 279.6% year-over-year.

• Basic earnings per share forecast is ¥70.16 for the full year.

• Cost reductions in Vietnam and SG&A are progressing faster than planned, supporting higher profit expectations.

• Automotive catalyst demand remains steady, offsetting weakness in some automotive-related products.