Adeka (4401) Q4 2025 earnings summary

Executive summary

• FY2024 saw record highs in net sales (¥407.1B), operating profit (¥41.0B), and net profit per share (¥245.6), despite global economic uncertainty and regional slowdowns.

• Overseas sales ratio increased to 54.9%, reflecting strong global expansion.

• Growth was driven by strong performance in Chemicals, especially Polymer Additives, Electronic Materials, and Environmental Materials, while Food Products and Life Science saw decreased sales but improved profitability.

• Progress continued on the MTMP ADX 2026 plan, focusing on profitability, sustainability, and global growth.

Financial highlights

• Net sales rose 1.8% year-over-year to ¥407.1B; operating profit up 15.8% to ¥41.0B; ordinary profit up 10.0% to ¥39.3B; net profit per share up 8.9% to ¥245.6.

• Cash and deposits grew by ¥11.6B; cash and cash equivalents at year-end increased by 11.2% to ¥107.8B.

• Dividend per share increased to ¥100 in FY2024, with a forecast of ¥104 for FY2025.

• Comprehensive income declined to ¥25.4B from ¥39.2B due to negative foreign currency translation adjustments.

Outlook and guidance

• FY2025 net sales forecast at ¥441.0B (+8.3%), operating profit at ¥43.0B (+4.9%), and profit attributable to owners of parent to grow 5.5% to ¥26.4B.

• Net profit per share projected at ¥259.5; dividend payout ratio to remain above 40%.

• Market environment expected to remain resilient but with uncertainties from U.S. tariffs and material price volatility; impact of U.S. tariff policy not included in forecasts.