Kaneka (4118) Q4 2026 earnings summary

Executive summary

• Achieved record high net sales of ¥811.6 billion (up 0.5% YoY) and record high net income of ¥31.0 billion (up 22.4% YoY).

• Operating income declined 17.9% YoY to ¥32.9 billion, and ordinary income fell 12.1% to ¥28.9 billion.

• Comprehensive income surged 64.7% to ¥50.8 billion.

• Further reduction of cross-shareholdings, with disposal totaling ¥22.7 billion in FY2025.

Financial highlights

• Net sales: ¥811.6 billion (YoY +0.5%), operating income: ¥32.9 billion (YoY -17.9%), net income: ¥31.0 billion (YoY +22.4%).

• Gross profit was ¥225.6 billion, nearly flat YoY.

• Net income per share: ¥501.26; annual dividend: ¥160 per share (YoY +¥30).

• Equity ratio: 52.0%; debt equity ratio: 0.42.

• Cash and cash equivalents at year-end: ¥48.9 billion.

Outlook and guidance

• FY2026 forecast: net sales ¥820.0 billion (+1.0% YoY), operating income ¥36.0 billion (+9.4% YoY), net income ¥31.5 billion (+1.7% YoY), annual dividend ¥210 per share.

• Will actively invest in Life Science and Leading-edge businesses to accelerate growth.

• Cautious outlook due to potential demand adjustments and profit margin fluctuations from Middle East situation.