Tigers Polymer (4231) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2025, was ¥24,192 million, a 1.8% decrease year-over-year due to lower sales in the Americas, China, and Southeast Asia, as well as foreign exchange impacts.

• Operating, ordinary, and net income increased year-over-year, driven by higher sales and price increases in Japan, as well as cost reductions and efficiency improvements.

• Profitability improved despite lower sales, supported by cost controls and higher sales prices in key segments.

Financial highlights

• Revenue for the first half was ¥24,192 million, down 1.8% year-over-year.

• Operating income rose 29.9% to ¥1,654 million.

• Net income surged 64.2% to ¥1,305 million.

• EPS for the period was ¥66.13, up 65.1% year-over-year.

• Gross profit increased to ¥5,256 million from ¥4,844 million year-over-year.

Outlook and guidance

• Full-year guidance remains unchanged at ¥47,700 million revenue, ¥2,700 million operating income, and ¥1,800 million net income, despite ongoing uncertainties including semiconductor shortages and potential auto production cuts.