Tigers Polymer (4231) Q2 2025 earnings summary

Executive summary

• Revenue increased 2.4% year-over-year to ¥24,647 million, driven by yen depreciation and favorable currency translation effects, but operating and net income declined sharply due to higher raw material and labor costs, and weak auto parts sales in China.

• Global economic uncertainty, rising costs, and currency fluctuations impacted profitability despite sales growth.

Financial highlights

• Revenue for the second quarter was ¥24,647 million, up 2.4% year-over-year.

• Operating income fell 30.3% to ¥1,273 million.

• Ordinary income dropped 43.4% to ¥1,470 million.

• Net income decreased 57.2% to ¥795 million.

• EPS for the quarter was ¥40.05, down from ¥93.26 year-over-year.

Outlook and guidance

• Full-year revenue forecast revised to ¥46,000 million.

• Operating income forecast lowered to ¥2,200 million.

• Net income forecast reduced to ¥1,600 million, EPS ¥80.78.

• Dividend forecast set at ¥34 per share for the year.

• Lower sales expected in US industrial hoses and China/Thailand auto parts due to weaker demand.