Sekisui Kasei Co., Ltd. (TSE:4228) revised its earnings and dividend forecast for the period ending March 31, 2026, citing changes in tax liabilities and asset transfers.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 114.0bn | JPY 114.0bn | +0.0% |
| Operating Profit | JPY 2.35bn | JPY 2.50bn | +6.4% |
| Ordinary Income | JPY 1.60bn | JPY 2.00bn | +25.0% |
The revision follows the recognition of approximately JPY 4.0bn in deferred tax assets related to the disposal of its European subsidiary, Proseat Group. This adjustment reduced future tax liabilities, thereby improving the company’s net profit. Additionally, changes in the timing of asset transfers and special income recognition affected the consolidated financial results for the period.
The update reflects improved profitability, with ordinary income rising 25.0% and net profit jumping to JPY 2.1bn. This signals potential recovery in profitability and suggests management’s confidence in future earnings. Investors should note that the revision is primarily driven by tax-related adjustments rather than operational performance. The company’s ability to manage tax liabilities effectively may support sustained earnings growth in the medium term.