Tigers Polymer (4231) Q1 2026 earnings summary

Executive summary

• Revenue rose 3.6% year-over-year to ¥12,315 million, with operating income up 29.4% to ¥916 million and net income attributable to shareholders up 0.8% to ¥733 million.

• Despite higher sales and operating profit, ordinary income declined 13.2% year-over-year due to increased non-operating expenses.

• Global economic uncertainty, raw material and energy price hikes, and currency fluctuations impacted results.

Financial highlights

• Gross profit increased to ¥2,744 million from ¥2,476 million year-over-year.

• Operating margin improved, with operating profit at ¥916 million versus ¥707 million a year ago.

• Net assets decreased to ¥45,689 million, and total assets fell to ¥59,822 million at quarter-end.

• EPS for the quarter was ¥37.14, up from ¥36.56 year-over-year.

• Comprehensive income was negative ¥560 million, mainly due to foreign currency translation losses.

Outlook and guidance

• Full-year revenue forecast is ¥47,700 million, down 3.3% year-over-year, with operating profit expected at ¥2,700 million (down 4.7%).

• Net income forecast for the year is ¥1,800 million, with EPS projected at ¥91.16.

• No changes to previously announced full-year guidance.