	Net sales	Operating income	Ordinary income	Profit attributable to owners of parent	Net income per share
Announced on May 13,2025	234,600 million yen (Increase year-on- year by 5.4％)	20,000 million yen (decrease year-on- year by 2.0％)	19,700 million yen (decrease year-on- year by 11.5％)	17,400 million yen (decrease year-on- year by 0.6％)	113.60 yen
Announced on Nov 11,2025	239,800 million yen (Increase year-on- year by 7.7％)	21,300 million yen (Increase year-on- year by 4.4％)	20,900 million yen (decrease year-on- year by 6.1％)	20,400 million yen (Increase year-on- year by 16.5％)	133.54 yen

Despite continued signs of a gradual rebound, we need to maintain a cautious view because the business environment surrounding the Nippon Kayaku Group faces the risk of an economic downswing due to the risk of U.S. tariff hikes, in addition to geopolitical risks, and the risk of fluctuation in foreign exchange rates.
　Under these conditions, the Nippon Kayaku Group aims to respond flexibly to changes in the business environment and pursue optimal use of operating capital to increase shareholder value, as well as expand existing businesses in global growth markets, accelerate the development of new businesses and new products, and enhance profits.
　The business results forecasts for consolidated fiscal year ending March 31, 2026 announced on May 13, 2025 have been revised. See the “Notice of Revision to the Business Results Forecasts” announced on November 11, 2025 for more information.