Ishihara Sangyo Kaisha (4028) Q2 2026 earnings summary

Executive summary

• Achieved significant year-over-year growth in revenue and profits for the second quarter of FY2025, driven by strong overseas agrochemical sales, favorable currency movements, and cost improvements.

• Net sales for the six months ended September 30, 2025, increased by 2.6% year-over-year to ¥76,459 million, with operating profit up 177.8% to ¥7,371 million and profit attributable to owners of parent up 676.9% to ¥5,649 million.

• Comprehensive income for the period was ¥5,832 million, up 101.5% year-over-year.

• Upward revision to full-year guidance, reflecting robust demand in key segments and a weaker yen.

Financial highlights

• Q2 FY2025 revenue: ¥76.4 billion, up ¥1.9 billion year-over-year; gross profit increased to ¥21,655 million.

• Operating income: ¥7.3 billion, up ¥4.7 billion year-over-year; ordinary income: ¥8.5 billion, up ¥6.0 billion year-over-year.

• Ordinary profit rose 241.9% year-over-year to ¥8,501 million.

• Basic earnings per share for the period was ¥147.66, up from ¥19.03 in the prior year.

• Cash and cash equivalents at period-end were ¥38,964 million, up from ¥26,268 million a year earlier.

Outlook and guidance

• Full-year revenue forecast raised to ¥152.0 billion, operating income to ¥16.0 billion, and net income to ¥12.2 billion, all above initial May guidance.

• Basic earnings per share for the full year is forecast at ¥318.90.

• Dividend forecast increased to ¥100 per share (interim ¥30, year-end ¥70).

• Upward revision driven by strong overseas agrochemical sales and continued yen weakness.