Gray Technology, Asia Development IR Tanaka Chemical Research Institute S An!!

Tanaka Chemical Institute announced its earnings after market close on January 28. For the cumulative third quarter of the fiscal year ending March 2022 (4-12 months), ordinary income (non-consolidated) turned to a profit of 545 million yen, reversing from a loss of 148 million yen in the same period last year, and the progress toward the full-year plan of 730 million yen reached 74.7%. Based on the cumulative third-quarter results announced by the company and the unchanged full-year plan, our projection for the January-March quarter (Q4) ordinary income would expand to 185 million yen, up 56.8% year on year. In the most recent three months, the October-December quarter (Q3) ordinary loss narrowed to 42 million yen from a loss of 286 million yen in the same period last year, and the operating profit margin improved significantly from -4.5% to 0.2% year on year.