AdekaADEKA CORPORATION4401東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Adeka FY ending Mar 2026 results

About 52% of Adeka's sales come from Chemicals, with Lifesciemce and Food products making up much of the rest.

Out of every ¥100 of sales, about ¥10 is left as operating profit.

Revenue changed +2.3% from the prior year, operating profit +1.5%.

Revenue and profit pattern

Revenue and profit upSimilar growth

Revenue +2.3% · profit +1.5%, calculated from disclosed figures.

Operating leverage: 0.64× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+2.3%¥407.1B → ¥416.6B
Gross profit
+3.3%¥114.9B → ¥118.7B
Operating income
+1.5%¥41B → ¥41.6B
Net income attributable to owners
+11.4%¥25B → ¥27.9B
Operating cash flow
-12.2%¥46.2B → ¥40.6B
Free cash flow
-39.2%¥30B → ¥18.2B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥416.6B, up +2.3% from ¥407.1B.
  • Operating income barely moved at ¥41.6B (+1.5%), while net income grew faster to ¥27.9B (+11.4%).
  • Cash generation weakened: operating cash flow fell to ¥40.6B (-12.2%) and free cash flow to ¥18.2B (-39.2%).

What drove the change

  • Crop protection led the growth. Herbicides and insecticides for orchards sold well in Europe and North America, and higher rice prices in Japan pushed farmers to plant more rice.
  • Chip materials for advanced photoresists sold well, but profit fell because of more R&D staff and the fixed costs of new production lines.
  • Plastic additives shrank as weak appliance and EV markets and price competition hurt flame retardant sales.

Things to watch

  • Tension in the Middle East could raise the cost of naphtha-based raw materials and packaging, or disrupt supply.
  • The company has several plants and sales offices in Taiwan, so a conflict there could cut off parts of its supply chain.
  • Tighter chemical rules such as PFAS restrictions in Europe, and tit-for-tat trade controls between the US and China, could limit sales or raise costs.

Annual Securities Report, 164th fiscal term / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 164th fiscal term / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Adeka sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥71
SG&A
¥19
Operating profit
¥10
Net profit kept
¥7

Annual margin trends

Gross margin28.5%
FY ending Mar 2021: 26.5%26.5%FY ending Mar 2022: 26.4%26.4%FY ending Mar 2023: 24.4%24.4%FY ending Mar 2024: 26.2%26.2%FY ending Mar 2025: 28.2%28.2%FY ending Mar 2026: 28.5%28.5%FY21FY22FY23FY24FY25FY26
Operating margin10.0%
FY ending Mar 2021: 8.9%8.9%FY ending Mar 2022: 9.4%9.4%FY ending Mar 2023: 8.0%8.0%FY ending Mar 2024: 8.9%8.9%FY ending Mar 2025: 10.1%10.1%FY ending Mar 2026: 10.0%10.0%FY21FY22FY23FY24FY25FY26
Net margin6.7%
FY ending Mar 2021: 5.0%5.0%FY ending Mar 2022: 6.6%6.6%FY ending Mar 2023: 4.2%4.2%FY ending Mar 2024: 5.7%5.7%FY ending Mar 2025: 6.1%6.1%FY ending Mar 2026: 6.7%6.7%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第164期(2025/04/01-2026/03/31)

    ID S100YBCU2026-06-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第163期(2024/04/01-2025/03/31)

    ID S100VYM02025-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第162期(2023/04/01-2024/03/31)

    ID S100TOJC2024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第161期(2022/04/01-2023/03/31)

    ID S100R1VD2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第160期(令和3年4月1日-令和4年3月31日)

    ID S100ODZJ2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第159期(令和2年4月1日-令和3年3月31日)

    ID S100LKI52021-06-18Open

Extracted from XBRL: 55 / Derived from other figures: 2

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