Matsumoto Yushi-Seiyaku (4365) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2025, was ¥19,925 million, down 10.6% year-over-year; operating income fell 29.2% to ¥3,606 million; ordinary income decreased 1.7% to ¥4,409 million; net income attributable to shareholders rose 10.6% to ¥3,533 million.

• Domestic sales and profits declined across all product categories, with notable decreases in surfactants and polymer/inorganic products due to weak demand in textiles and automotive sectors.

• Asian segment sales dropped 15.6% year-over-year, with segment profit down 44.1%, impacted by sluggish textile markets and natural disasters affecting customer orders.

Financial highlights

• Gross profit for the period was ¥5,709 million, down from ¥7,353 million year-over-year.

• EPS for the interim period was ¥1,217.85, up from ¥1,101.33 in the prior year.

• Total assets increased to ¥98,068 million (+3.0%), and net assets rose to ¥84,695 million (+4.1%).

• Cash and equivalents at period-end were ¥34,523 million, up ¥1,691 million from the previous year.

Outlook and guidance

• Full-year guidance remains unchanged: revenue ¥41,242 million (+4.4% YoY), operating income ¥7,892 million (+15.0%), ordinary income ¥7,808 million (+19.3%), net income attributable to shareholders ¥5,388 million (+21.1%), EPS ¥1,857.12.