Aica Kogyo posts record H1 profits, eyes strategic M&A and expansion

Aica Kogyo Co., Ltd. announced record-high net sales, operating profit, ordinary profit, and net income for the second quarter (interim period) of the fiscal year ending March 2026. The company reported 121,351 million yen in net sales, an increase of 1.0% year-over-year, and an operating profit of 13,348 million yen, up 1.5%. Ordinary profit reached 14,671 million yen (3.1%), and net income attributable to owners of parent was 9,424 million yen (6.4%), marking five consecutive periods of profit growth. The company anticipates full-year FY2025 dividends of 136 yen per share, an increase of 10 yen from the previous year.

Domestic chemical products saw strong performance in wall coating materials and construction resins, while international chemical products, particularly the AAP Group and EMC Group, experienced declines in sales and profit due to market deterioration in China. Laminates & building materials saw growth from high-value-added products in Japan, offsetting a slowdown in China's real estate market for international operations. The company is actively pursuing M&A opportunities to fuel further growth.

For the full fiscal year ending March 2026, Aica Kogyo projects record-high consolidated net sales of 265,000 million yen and an operating profit of 29,000 million yen, maintaining its initial plan. This forecast is supported by continued strong domestic performance, strategic price adjustments, and cost reductions, despite ongoing challenges in the Chinese real estate market and US tariffs. The company also announced the start of operations for its Fujian plant in August 2025 to capture demand in the Fujian area and plans to expand its presence in Southeast Asia.