Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 10 November 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Technical extension activities for products for fruit trees and nuts in North America proved successful, expanding market share. In addition, higher temperatures in California accelerated crop development and increased pest populations, driving growth in insecticide sales. Profit also exceeded the forecast due to higher sales, particularly in the high-margin North American region, compensation income received by a U.S. subsidiary in connection with the use of pesticide registration data, and an increase in the share of profit of equity-method investees in Europe due to their strong performance.
| Item | Details |
|---|---|
| Net Sales | ¥109,300 million → ¥111,822 million（+2.3%） |
| Operating profit | ¥9,200 million → ¥10,878 million（+18.2%） |
| Ordinary income | ¥8,000 million → ¥10,527 million（+31.6%） |
| Profit attributable to owners of the parent | ¥5,400 million → ¥7,228 million（+33.9%） |
| Net income per share | ¥68.98 → ¥92.32 |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 10 November 2025 |
| Previous-period results | Net sales of ¥99,966 million, operating profit of ¥8,576 million, ordinary profit of ¥7,086 million, net income attributable to owners of the parent of ¥2,356 million, and basic earnings per share of ¥30.06 (fiscal year ended March 2025) |
| Reason for the revision | Technical extension activities for products for fruit trees and nuts in North America proved successful, expanding market share. In addition, higher temperatures in California accelerated crop development and increased pest populations, driving growth in insecticide sales. Profit also exceeded the forecast due to higher sales, particularly in the high-margin North American region, compensation income received by a U.S. subsidiary in connection with the use of pesticide registration data, and an increase in the share of profit of equity-method investees in Europe due to their strong performance. |
| Dividend forecast revision | The year-end dividend was increased by ¥9 per share, from ¥15 to ¥24. The annual dividend is ¥36 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In North America, technical extension activities for products for fruit trees and nuts proved successful, expanding market share. Combined with earlier crop development and an increase in pests resulting from higher temperatures in California, this drove growth in insecticide sales. Profit was also boosted by higher sales in the high-margin North American region, compensation income received by a U.S. subsidiary, and an increase in the share of profit of equity-method investees in Europe due to their strong performance. The dividend increase reflects profit exceeding the forecast and the Company's dividend policy, which targets a payout ratio of 40%.