Nippon Chemical Industrial (4092) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, were ¥30.44 billion, down 1.4% year-over-year as growth in electronic ceramic materials was offset by declines in battery materials and phosphine derivatives.

• Operating profit declined 40.7% year-over-year to ¥1.99 billion, impacted by the absence of prior inventory valuation gains and higher costs from production consolidation.

• Profit attributable to owners was ¥1.84 billion, down 21.8% year-over-year.

• Comprehensive income rose 45.5% year-over-year to ¥2.70 billion.

Financial highlights

• Gross profit for the period was ¥6.17 billion, down from ¥7.39 billion year-over-year.

• Operating profit margin fell from 10.9% to 6.5%.

• EBITDA declined 20.9% year-over-year to ¥4.83 billion.

• Basic earnings per share dropped from ¥265.92 to ¥209.80.

• Total assets increased to ¥78.39 billion as of December 31, 2025.

Outlook and guidance

• Full-year forecast for FY March 2026: net sales ¥40.5 billion, operating profit ¥3.2 billion, profit ¥2.6 billion.

• Annual dividend forecast is ¥120.00 per share.

• Extraordinary gain expected from the sale of strategic shareholdings.

• Market conditions for Q4, especially in electronic components, remain uncertain.