Kaneka (4118) Q4 2025 earnings summary

Executive summary

• Net sales reached ¥807.2 billion for FY2024, up 5.9% year-over-year, with increases in all business segments.

• Operating income rose 22.9% to ¥40.1 billion, and net income grew 9.0% to ¥25.3 billion year-over-year.

• All four business segments posted year-over-year increases in both sales and profits, with notable growth in Leading-edge Businesses and steady performance in Foundation Businesses.

• Profitability improved, with operating income margin at 5.0% and ROE at 5.5%.

• Dividend per share increased to ¥130, with a progressive dividend policy planned.

Financial highlights

• Net sales: ¥807.2 billion (YOY +5.9%).

• Operating income: ¥40.1 billion (YOY +22.9%).

• Net income: ¥25.3 billion (YOY +9.0%).

• Net income per share: ¥400.91; dividend per share: ¥130.

• Equity ratio: 51.2%; debt/equity ratio: 0.43.

Outlook and guidance

• FY2025/2026 forecast: net sales ¥820.0 billion (+1.6%), operating income ¥42.0 billion (+4.9%), net income ¥33.0 billion (+30.4%).

• Dividend per share planned at ¥160 (+¥30 YOY); treasury share repurchase up to 3 million shares.

• Focus on capital efficiency, business portfolio transformation, and local production.

• Forecasts do not factor in potential negative impacts from new U.S. reciprocal tariffs due to uncertainty.