Tigers Polymer (4231) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2025, was ¥24,192 million, a 1.8% decrease year-over-year.

• Operating income rose 29.9% to ¥1,654 million, and net income attributable to shareholders increased 64.2% to ¥1,305 million year-over-year.

• Despite lower sales, profitability improved due to cost controls and higher sales prices in key segments.

Financial highlights

• Gross profit increased to ¥5,256 million from ¥4,844 million year-over-year.

• Operating margin improved, with operating income up from ¥1,273 million to ¥1,654 million.

• Net income per share was ¥66.13, up from ¥40.05 in the prior year period.

• Total assets at period-end were ¥59,700 million, down from ¥61,128 million at the previous fiscal year-end.

• Equity ratio remained strong at 72.9%.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥47,700 million, with operating income projected at ¥2,700 million and net income at ¥1,800 million.

• No revisions to previously announced guidance.