Adeka (4401) Q3 2025 earnings summary

Executive summary

• Net sales for FY2024 3Q rose 3.5% year-over-year to ¥296.3 billion, with operating profit up 25.1% to ¥30.0 billion and net profit attributable to owners up 16.7% to ¥19.2 billion.

• Growth was driven by strong performance in chemicals, especially polymer additives and electronic materials, while food products and life science segments saw declines in sales but improved profitability.

• Overseas sales ratio increased to 55.5%, reflecting continued international expansion.

• The global economy showed gradual recovery, led by the U.S., despite ongoing uncertainties from China and geopolitical risks.

Financial highlights

• Operating profit increased by ¥6.0 billion year-over-year, mainly due to higher sales volume and improved net pricing.

• EPS for 3Q was ¥188.4, up from ¥161.0 in the prior year.

• Gross profit increased to ¥84,034 million from ¥73,898 million year-over-year.

• Ordinary profit rose 20.7% to ¥29,672 million, and comprehensive income was ¥23,922 million.

• Cash and deposits rose by ¥9.8 billion from March to December 2024, while current liabilities decreased by ¥12.5 billion.

Outlook and guidance

• FY2024 full-year net sales forecast remains at ¥426.0 billion, with operating profit projected at ¥41.1 billion and net profit at ¥24.5 billion.

• Dividend forecast for FY2024/FY2025 is ¥97 per share, up from ¥90 in the previous year.

• FY2026 targets include net sales of ¥500 billion and operating profit of ¥53.0 billion.

• No changes to the previously announced forecast.