Tigers Polymer (4231) Q4 2025 earnings summary

Executive summary

• Revenue increased 3.1% year-over-year to ¥49,336 million, driven by favorable currency effects despite production cuts and volume declines in key overseas markets.

• Operating profit declined 11.3% year-over-year to ¥2,833 million due to higher costs and increased expenses.

• Net profit rose 12% year-over-year to ¥3,383 million, aided by lower tax adjustments from additional deferred tax assets.

• Ordinary income fell 23.4% to ¥3,284 million due to higher costs and lower sales volume excluding FX impact.

Financial highlights

• Revenue: ¥49,336 million (+3.1% YoY); Operating profit: ¥2,833 million (−11.3% YoY); Net profit: ¥3,383 million (+12.0% YoY).

• EPS: ¥170.83 (+12.6% YoY); Dividend per share: ¥53 (+12.8% YoY).

• Free cash flow was ¥1,282 million, down from ¥4,089 million in the previous year.

• Total assets increased to ¥61,128 million; equity ratio improved to 72.3%.

• Year-end cash and equivalents rose to ¥14,229 million.

Outlook and guidance

• FY2026 forecast: revenue ¥47,700 million (−3.3% YoY), operating profit ¥2,700 million (−4.7% YoY), ordinary income ¥3,000 million (−8.7% YoY), net profit ¥1,800 million (−46.8% YoY), EPS ¥91.16.

• Dividend forecast for FY2026 is ¥28 per share, targeting a payout ratio of 30.7%.

• Management highlights ongoing uncertainty due to global trade friction, geopolitical risks, and currency volatility.