Nicca Chemical Co.,Ltd. Revises FY2026 Earnings Forecast Upward
Nicca Chemical Co.,Ltd. (TSE:4463) raised its full-year earnings guidance for the fiscal year ending December 2026, citing strong first-half performance in specialty chemicals and favorable currency tailwinds.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 58.5bn | JPY 64.0bn | +9.4% |
| Operating Profit | JPY 4.20bn | JPY 5.40bn | +28.6% |
| Ordinary Income | JPY 4.05bn | JPY 5.40bn | +33.3% |
| Net Profit | JPY 2.80bn | JPY 3.80bn | +35.7% |
| EPS | JPY 176.47/share | JPY 238.69/share | +35.3% |
The company attributed the upward revision to robust demand for EHD-related products within its chemical division during the first half, coupled with accelerating sales from overseas subsidiaries, particularly in China. Yen weakness versus major currencies also provided a tailwind to reported results. Management expects the chemical business to sustain first-half momentum through year-end, while the cosmetics segment is projected to perform steadily on the back of new product launches. Despite ongoing geopolitical uncertainties in the Middle East, the company maintained an overall constructive outlook for the remainder of the fiscal year.
The revision signals a significant improvement in profitability, with operating profit and ordinary income (keijo rieki)—a Japan-specific metric capturing non-operating financial items—both expanding by more than 28 percent. Net profit growth of 35.7 percent underscores margin expansion beyond top-line gains. The earnings-per-share increase of 35.3 percent to JPY 238.69/share reflects both higher profitability and unchanged share count assumptions. International investors should note that ordinary income differs from operating profit by including financial income and expenses, a distinction material to Japanese earnings analysis.
Source: Original filing (TDnet) | 日本語版
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