Translation
Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
April 30, 2026
Company name: NICCA CHEMICAL CO., LTD.
Stock exchange listings: Tokyo, Nagoya
Stock code: 4463
URL: https://www.nicca.co.jp
Representative: Yasumasa Emori, President and Representative Director
Contact: Shoya Sawasaki, Director, Member of the Board, Head of Administration Unit
TEL: +81-776-24-0213(main)
Scheduled date for dividend payment: -
Supplementary materials for financial summaries:
Yes
Financial results briefing: None
(Amounts less than one million yen are rounded down)
-
Consolidated Financial Results for the Three Months of the Fiscal Year Ending December 31, 2026 (from January 01, 2026 to March 31, 2026)
-
Consolidated operating results (Cumulative) (Percentage indicate YoY changes)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2026
15,017
13.8
1,159
35.4
1,176
46.2
919
214.0
March 31, 2025
13,195
7.9
856
45.6
804
5.0
292
(8.0)
(Note) 1. Comprehensive income
For the three months ended December 31, 2026: 1,109 million yen (-%) For the three months ended December 31, 2025: (1,141) million yen (-%)
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
March 31, 2026
57.78
-
March 31, 2025
18.50
-
-
Consolidated financial positions
Total assets
Net assets
Equity ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
March 31, 2026
76,973
38,873
46.4
2,241.81
December 31, 2025
74,052
38,354
47.5
2,211.79
(Reference) Owner's equity
As of the first quarter of the fiscal year ending December 2026: 35,693 million yen As of the fiscal year ended December 2025: 35,202 million yen
-
Consolidated operating results (Cumulative) (Percentage indicate YoY changes)
-
Cash dividends
Annual dividends per share
End of first quarter
End of second quarter
At the end of the third quarter
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended
December 31, 2025
-
30.00
-
30.00
60.00
Fiscal year ending December 31, 2026
-
Fiscal year ending December 31, 2026
(Forecast)
35.00
-
35.00
70.00
(Note) Presence or absence of revisions from the most recently announced dividend forecast: None
- Consolidated Earnings Forecasts for the Fiscal Year Ending December 31, 2026 (from January 01, 2026 to December 31,
(Percentages indicate YoY changes)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending December 31, 2026 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
58,500 | 5.0 | 4,200 | 9.2 | 4,050 | 5.2 | 2,800 | 17.4 | 176.47 | |
(Note) Correction of financial forecast from the most recent financial forecast: None
Notes
Significant changes in the scope of consolidation during the period: None
Application of specific accounting for the consolidated quarterly financial statements: Yes
Changes in accounting policies, changes in accounting estimates, retrospective restatement
Changes in accounting policies due to revisions of accounting standards : None
Changes in accounting policies other than (i): None
Changes in accounting estimates : None
Retrospective restatement : None
Number of shares issued (common stock)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2026
17,710,000 shares
As of December 31, 2025
17,710,000 shares
Number of treasury shares at the end of the period
As of March 31, 2026
1,788,463 shares
As of December 31, 2025
1,794,367 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended March 31, 2026
15,918,859 shares
Three months ended March 31, 2025
15,834,645 shares
Review of attached consolidated quarterly financial statements by a certified public accountant or an audit firm: None
Notes on the appropriate use of forecasts and other special items (Cautionary Statement Regarding Forward-Looking Statements)
Forward-looking statements such as earnings forecasts contained in this document are based on information currently available to the Company and on certain assumptions that are deemed reasonable. They are not intended as a guarantee of achievement by the Company. Actual results may differ significantly due to various factors in the future.
Table of Contents for Attached Materials
Overview of Operating Results, etc. 2
Overview of Operating Results for the Current Quarter 2
Overview of Financial Position for the Current Quarter 3
Explanation of Consolidated Financial Forecasts and Other Forward-looking Information 3
Quarterly Consolidated Financial Statements and Main Notes 4
Quarterly Consolidated Balance Sheet 4
Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income 6
Notes to Quarterly Consolidated Financial Statements 8
(Notes on Accounting Treatment Specific to the Preparation of Quarterly Consolidated Financial
Statements) 8
(Notes on Segment Information, etc.) 9
(Notes in case of significant changes in the amount of shareholders' equity) 11
(Notes regarding the assumption of a going concern) 11
(Notes on the quarterly consolidated statement of cash flows) 11
Overview of Operating Results, etc.
Overview of Operating Results for the Current Quarter
During the first quarter of the current consolidated fiscal year (from January 1, 2026 to March 31, 2026), the global economy remained in an extremely complex and uncertain situation, as rising geopolitical risks, including escalating tensions in the Middle East, made the impact on the global economy of movements in raw material and energy prices, exchange rate fluctuations, and overseas economic trends highly uncertain. In addition, although the Japanese economy continued on a moderate recovery trend, with signs of a pickup in personal consumption and capital investment, there are concerns about the impact that the situation in the Middle East and other factors may have on the domestic economy going forward.
Against this backdrop, under the corporate purpose of "Activate Your Life" and the management vision of "To be the most respected innovation company for customers all over the world," the Group formulated "INNOVATION30" (2026-2030), a medium-term business plan setting forth specific strategies through 2030, and established the following basic strategies: "Business expansion and growth investment," "Strengthening financial and capital strategies," and "Sustainability management." Going forward, we will continue to transform the rapidly changing business environment into business opportunities and strive for sustainable growth by focusing on businesses that provide value increasingly needed by society.
For the first quarter of the fiscal year ending December 31, 2026, net sales were 15,017 million yen (up 13.8% year on year), operating profit was 1,159 million yen (up 35.4% year on year), ordinary profit was 1,176 million yen (up 46.2% year on year), and profit attributable to owners of parent was 919 million yen (up 214.0% year on year).
Segment results were as follows. Net sales for each segment do not include intersegment sales. (Chemicals Business)
The Chemicals business includes, in addition to the Group's mainstay textile chemicals, chemicals for information recording
paper, resin raw materials, industrial cleaning agents, chemicals for medical and nursing care facilities, and other functional chemicals.
Net sales were 11,530 million yen (up 18.5% year on year), and segment profit was 1,499 million yen (up 39.0% year on year). In the core textile chemicals business, sales increased mainly at the China bases due to progress in winning new business for high-value-added EHD-related products such as PFC-free Durable Water Repellent and process chemicals. In addition, sales also increased in Southwest Asia and South Korea. Sales of process chemicals for electronic materials also increased due to the acquisition of new business. As a result of this sales growth, although selling, general and administrative expenses increased, the Chemicals business posted increases in both sales and profit, and net sales, segment profit, and segment profit margin for the first quarter reached record highs.
(Cosmetics Business)
The Cosmetics business mainly handles hair care products, hair color products, perm products, scalp care products, and styling products.
Net sales were 3,287 million yen (down 0.4% year on year), and segment profit was 187 million yen (down 28.5% year on year). At DEMI Cosmetics, although key brands performed steadily, results were affected by the domestic economy, including rising prices. Among consolidated subsidiaries, sales at DEMI KOREA CO.,LTD. decreased due to worsening market conditions, while the contract manufacturing business at Yamada Pharmaceutical Co., Ltd. remained steady. Meanwhile, due to strategic cost increases at DEMI Cosmetics and other factors, the Cosmetics business posted decreases in both sales and profit.
(Others)
Net sales were 199 million yen (up 22.2% year on year), and segment loss was 20 million yen (compared with segment profit of 8 million yen in the same period of the previous year).
Overview of Financial Position for the Current Quarter (Assets)
Total assets at the end of the first quarter of the current fiscal year increased by 2,921 million yen from the end of the previous fiscal year to 76,973 million yen. This was mainly due to increases of 2,066 million yen in other intangible assets, 369 million yen in merchandise and finished goods, and 478 million yen in raw materials and supplies.
(Liabilities)
Total liabilities at the end of the first quarter of the current fiscal year increased by 2,402 million yen from the end of the previous fiscal year to 38,100 million yen. This was mainly due to an increase of 2,595 million yen in other current liabilities and an increase of 524 million yen in the current portion of long-term borrowings, while long-term borrowings decreased by 616 million yen.
(Net assets)
Total net assets at the end of the first quarter of the current consolidated fiscal year increased by 518 million yen from the end of the previous consolidated fiscal year to 38,873 million yen. This was mainly due to a 919 million yen increase in retained earnings resulting from the recording of quarterly profit attributable to owners of parent, while retained earnings decreased by 490 million yen due to the payment of dividends.
Explanation of Consolidated Financial Forecasts and Other Forward-looking Information
Although rising raw material prices and various costs, supply chain disruptions, and other issues have occurred due to heightened tensions in the Middle East, the Company has not revised its consolidated financial forecasts at this time because the future outlook remains uncertain and difficult to predict.
The Company plans to continue implementing price revisions and cost reduction activities while closely monitoring future developments.
In addition, if it becomes necessary to revise the financial forecasts, the Company plans to disclose such revisions promptly.
Quarterly Consolidated Financial Statements and Main Notes
Quarterly Consolidated Balance Sheet
(Unit: Millions of yen)
Previous fiscal year (December 31, 2025)
For the three months ended (March 31, 2026)
Assets
Current assets
Cash and deposit
11,848
11,765
Notes and accounts receivable - trade, and contract assets
11,955
12,048
Merchandise and finished goods
5,446
5,815
Work in process
919
762
Raw materials and supplies
4,638
5,116
Other
920
1,244
Allowance for doubtful accounts
(13)
(13)
Total current asset
35,715
36,740
Non-current assets
Property, plant, and equipment
Buildings and structures, net
11,704
11,489
Machinery, equipment and vehicles, net
2,058
1,921
Land
7,807
7,794
Construction in progress
11,382
11,473
Other (net)
682
702
Total property, plant and equipment, net
33,635
33,381
Intangible assets
Other
933
2,999
Total intangible assets
933
2,999
Investment Other assets
Other
3,767
3,851
Total investment and other assets
3,767
3,851
Total non-current assets
38,336
40,233
Total assets
74,052
76,973
(Unit: Millions of yen)
Previous fiscal year (December 31, 2025)
For the three months ended (March 31, 2026)
Liabilities
Current liabilities
Notes and accounts payable - trade
6,335
6,224
Short-term borrowings
9,302
9,395
Current portion of long-term borrowings
1,368
1,892
Income taxes payable
388
417
Provision for bonuses
1,046
447
Provision for bonuses for directors
20
4
Other
4,522
7,117
Total current liabilities
22,983
25,498
Non-current liabilities
Long-term borrowings
7,866
7,250
Liabilities for retirement benefits
3,262
3,265
Provision for share-based payments
274
276
Other
1,310
1,809
Total non-current liabilities
12,713
12,601
Total liabilities
35,697
38,100
Net assets
Shareholders' equity
Share capital
2,898
2,898
Capital surplus
3,061
3,061
Retained earnings
25,712
26,142
Treasury shares
(1,401)
(1,394)
Total shareholders' equity
30,271
30,707
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
829
788
Foreign currency translation adjustment
4,445
4,533
Remeasurements of defined benefit plans
(343)
(336)
Total accumulated other comprehensive income
4,931
4,985
Non-controlling interests
3,152
3,180
Total net assets
38,354
38,873
Total liabilities and net assets
74,052
76,973
Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income (Quarterly Consolidated Statement of Income)
(Unit: Millions of yen)
For the three months ended [previous period]
From January 1, 2025
Until March 31, 2025
For the three months ended From January 1, 2026
Until March 31, 2026
Net sales
13,195
15,017
Cost of sales
8,413
9,626
Gross profit
4,782
5,391
Selling, general and administrative expenses
3,926
4,231
Operating profit
856
1,159
Non-operating income
Interest income
24
25
Dividend income
3
4
Share of income of investments accounted for using the equity method
1
7
Other
41
49
Total non-operating income
70
87
Non-operating expenses
Interest expense
26
57
Foreign exchange losses
73
2
Other
22
10
Total non-operating expenses
122
70
Ordinary profit
804
1,176
Extraordinary income
Gain on sale of non-current assets
0
-
Gain on sale of investment securities
-
9
Gain on bargain purchase
-
7
Total extraordinary income
0
16
Extraordinary losses
Loss on retirement of fixed assets
0
1
Loss on sale of non-current assets
0
-
Total extraordinary losses
1
1
Net income before income taxes
803
1,191
Income taxes
425
162
Net income
378
1,029
Net income attributable to non-controlling interests
85
109
Profit attributable to owners of parent
292
919
(Quarterly Consolidated Statement of Comprehensive Income)
(Unit: Millions of yen)
For the three months ended [previous period]
From January 1, 2025
Until March 31, 2025
For the three months ended From January 1, 2026
until March 31, 2026
Net income
378
1,029
Other comprehensive income (loss), net of tax
Valuation difference on available-for-sale securities
(119)
(41)
Foreign currency translation adjustment
(1,390)
114
Remeasurements of defined benefit plans, net of tax
(9)
6
Other comprehensive income, net of tax
(1,519)
80
Comprehensive income
(1,141)
1,109
Comprehensive income attributable to
Quarterly comprehensive income attributable to owners of the parent
(1,050)
973
Quarterly comprehensive income attributable to non-controlling interests
(90)
135
Notes to Quarterly Consolidated Financial Statements
(Notes on Accounting Treatment Specific to the Preparation of Quarterly Consolidated Financial Statements) (Calculation of tax expenses)
Income taxes are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly profit before income taxes by such estimated effective tax rate. However, if calculating income taxes using such estimated effective tax rate would result in a markedly unreasonable outcome, the statutory effective tax rate is used.
(Notes on Segment Information, etc.) [Segment Information]
I For the three months ended March 31, 2025
Information on net sales and profit or loss by reportable segment
(Unit: Millions of yen)
Reportable segment
Other (Note)
Total
Chemicals Business
Cosmetics Business
Total
Net sales
Net sales to external customers
9,730
3,300
13,031
163
13,195
Internal net sales between segments or transfer amount
-
1
1
23
24
Total
9,730
3,301
13,032
186
13,219
Segment profit or loss (-)
1,078
262
1,340
8
1,349
(Note) The category of "Others" refers to business segments not included in the reportable segments, and includes equipment installation contracts.
Difference between the total amount of profit or loss of reportable segments and the amount recorded in the quarterly consolidated statement of income, and the main components of such difference
(Matters related to variance adjustments)
(Unit: Millions of yen)
Profit
Amount
Total for reportable segments
1,340
Profit or loss (-) in the "Other" category
8
Elimination of inter-segment transactions
21
Company-wide expenses (Note)
(514)
Quarterly Consolidated Statement of Income Operating profit
856
(Note) Company-wide expenses mainly consist of general and administrative expenses that are not attributable to any reportable segment.
Information on impairment losses of non-current assets or goodwill, etc. by reportable segment (Significant impairment losses related to non-current assets)
There are no applicable matters.
(Significant changes in the amount of goodwill) There are no applicable matters.
(Significant gain on bargain purchase) There are no applicable matters.
II For the three months ended March 31, 2026
Information on net sales and profit or loss by reportable segment
(Unit: Millions of yen)
Reportable segments
Other (Note)
Total
Chemicals Business
Cosmetics Business
Total
Net sales
Net sales to external customers
11,530
3,287
14,817
199
15,017
Internal net sales between segments or transfer amount
0
0
0
16
17
Total
11,530
3,288
14,818
216
15,035
Segment profit or loss (-)
1,499
187
1,687
(20)
1,666
(Note) The category of "Others" refers to business segments not included in the reportable segments, and includes equipment contracting work.
The difference between the total amount of profit or loss for reportable segments and the amount recorded in the quarterly consolidated statement of income, and the main components of such difference
(Matters related to variance adjustments)
(Unit: Millions of yen)
Profit
Amount
Total for reportable segments
1,687
Profit or loss (-) in the "Other" category
(20)
Elimination of inter-segment transactions
26
Company-wide expenses (Note)
(533)
Quarterly Consolidated Statement of Income Operating profit
1,159
(Note) Company-wide expenses mainly consist of general and administrative expenses that are not attributable to any reportable segment.
Information on impairment losses of non-current assets or goodwill, etc. by reportable segment (Significant impairment losses related to non-current assets)
There are no applicable matters.
(Significant changes in the amount of goodwill) There are no applicable matters.
(Significant gain on bargain purchase)
Information regarding Gain on bargain purchase by reportable segment is omitted as the amounts are not material. Note that Gain on bargain purchase is classified as extraordinary income and is not included in the segment profit figures above.
(Notes in case of significant changes in the amount of shareholders' equity) There are no applicable matters.
(Notes regarding the assumption of a going concern) There are no applicable matters.
(Notes on quarterly consolidated statement of cash flows)
A quarterly consolidated statement of cash flows for the first quarter of the current fiscal year has not been prepared. In addition, depreciation and amortization (including amortization of intangible assets other than goodwill) for the first quarter of the current
fiscal year are as follows.
For the three months ended [previous period] From January 1, 2025 until March 31, 2025
For the three months ended
From January 1, 2026 until March 31, 2026
Depreciation 523 million yen 497 million yen