Ishihara Sangyo exceeds half-year profit forecast, raises full-year outlook

Ishihara Sangyo Kaisha announced on November 6, 2025, that its consolidated operating profit, ordinary profit, and net income attributable to owners of the parent for the second quarter ended September 30, 2025, significantly surpassed previously announced forecasts. While net sales of JPY 76,459 million were largely in line with expectations, operating profit reached JPY 7,371 million (177.8% year-on-year), ordinary profit JPY 8,501 million (241.9% year-on-year), and net income attributable to owners of the parent JPY 5,649 million (676.9% year-on-year). This outperformance was primarily attributed to stronger-than-anticipated US dollar and Euro exchange rates and a shift in research and development expenditures to the second half of the fiscal year.

Consequently, the company revised its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026. The updated forecast projects net sales of JPY 152,000 million, operating profit of JPY 16,000 million, ordinary profit of JPY 16,400 million, and net income attributable to owners of the parent of JPY 12,200 million. This revision reflects strong performance in the organic chemicals business, especially overseas, and continued favorable exchange rates. The inorganic chemicals business is expected to maintain its operating profit despite a challenging environment. The company also declared a second-quarter dividend of JPY 30.00 and a forecast full-year dividend of JPY 100.00 per share.