Tigers Polymer (4231) Q4 2025 earnings summary

Executive summary

• Revenue increased 3.1% year-over-year to ¥49,336 million, driven by favorable currency effects despite volume declines in key overseas markets.

• Operating income declined 11.3% to ¥2,833 million and ordinary income fell 23.4% to ¥3,284 million due to higher costs and lower sales volume excluding FX impact.

• Net income attributable to owners rose 12.0% to ¥3,383 million, aided by a reduction in income tax expenses from additional deferred tax assets.

Financial highlights

• Gross profit was ¥9,933 million (up from ¥9,855 million), with a gross margin of 20.1%.

• Operating margin was 5.7%, down from 6.7% the previous year.

• EPS increased to ¥170.83 from ¥151.71 year-over-year.

• Total assets grew to ¥61,128 million, and equity ratio improved to 72.3%.

• Year-end cash and equivalents rose to ¥14,229 million.

Outlook and guidance

• FY2026 forecast: revenue ¥47,700 million (down 3.3%), operating income ¥2,700 million (down 4.7%), ordinary income ¥3,000 million (down 8.7%), net income ¥1,800 million (down 46.8%), EPS ¥91.16.

• Management highlights ongoing uncertainty due to global trade friction, geopolitical risks, and currency volatility.