Hokko Chemical Industry (4992) Q1 2026 earnings summary

Executive summary

• Q1 revenue rose 5.8% YoY to ¥16,243m, driven by agrochemical growth; operating income increased 20.5% to ¥2,286m and net income rose 22.6% to ¥1,734m.

• Fine chemicals revenue and profit declined amid customer demand shifts and inventory adjustments.

• The three-year management plan focuses on strengthening earnings and the production base.

Financial highlights

• Gross profit rose to ¥4,196m from ¥3,699m YoY; EPS increased to ¥67.28 from ¥53.55.

• Ordinary income was ¥2,436m and net income was ¥1,734m.

• Total assets were ¥81,529m and the equity ratio improved to 68.7% from 68.2%.

• Comprehensive income was ¥3,793m, down 4.5% YoY; quarterly depreciation was ¥413m.

Outlook and guidance

• FY2026 forecast: revenue ¥52,000m, operating income ¥5,200m, ordinary income ¥6,100m and net income ¥4,460m.

• Q1 progress against FY guidance was 31.2% for revenue, 44.0% for operating income, 39.9% for ordinary income and 38.9% for net income.

• FY2029 targets were raised to ¥55bn revenue and ¥6.8bn+α ordinary income from ¥52bn and ¥6.0bn, reflecting stronger-than-planned agrochemical performance.