Tigers Polymer (4231) Q4 2026 earnings summary

Executive summary

• Achieved record-high consolidated net sales of ¥50,132 million, up 1.6% year-over-year, driven by growth in Japan and Southeast Asia, despite declines in the Americas and China.

• Operating profit increased 6.4% year-over-year to ¥3,014 million, with profit growth in Japan and reduced losses in China.

• Net profit declined 30.4% year-over-year to ¥2,353 million, mainly due to the absence of prior year tax benefits and a high base in the previous year.

• Domestic operations showed strong growth, offsetting weaker performance in some overseas regions.

Financial highlights

• Revenue: ¥50,132 million (+1.6% YoY), operating profit: ¥3,014 million (+6.4% YoY), ordinary profit: ¥3,474 million (+5.8% YoY), net profit: ¥2,353 million (–30.4% YoY).

• EPS: ¥119.33 (–30.1% YoY); dividend per share: ¥38 (–28.3% YoY).

• Gross profit was ¥10,671 million, up from ¥9,933 million year-over-year.

• Free cash flow improved to ¥2,293 million.

• Equity ratio rose to 75.4% from 72.3% year-over-year.

Outlook and guidance

• FY2027 forecast: revenue ¥50,000 million (–0.3% YoY), operating profit ¥3,000 million (–0.5% YoY), net profit ¥2,400 million (+2.0% YoY).

• Dividend forecast maintained at ¥38 per share.

• Regional demand and cost increases to be closely monitored; cost efficiency and strong regions to offset weaker areas.

• Management expects continued uncertainty due to geopolitical risks, energy prices, and logistics costs.