KUMIAI CHEMICAL INDUSTRY CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Decreases by 9%, Exceeds Full-Year Plan

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Fri Sep 6, 2024 3:00 pm JST Earnings

4996 KUMIAI CHEMICAL INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

KUMIAI CHEMICAL INDUSTRY CO.,LTD. <4996> [TSE-P] announced its financial results after the market closed on September 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) decreased by 9.5% from the same period last year to 16.9 billion yen. However, The progress rate for full-year plan of 15.5 billion yen has already exceeded 109.3%, and has also exceeded the five-year average of 72.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the August to October period (4Q) is expected to turn into a loss of 1.44 billion yen (compared to a profit of 5.39 billion yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit decreased to 3.95 billion yen, a 24.1% decrease compared to the same period last year. However, the operating profit margin significantly improved from 4.1% in the same period last year to 8.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2021	106,334	10,342	16,153	11,063	91.7	68.5	Sep 9, 2022	J-GAAP
Nov - Jul, 2022	130,395	14,109	18,717	14,480	120.4	77.6	Sep 8, 2023	J-GAAP
Nov - Jul, 2023	129,200	12,298	16,948	12,827	106.6	109.3	Sep 6, 2024	J-GAAP
YoY	-0.9%	-12.8%	-9.5%	-11.4%	-11.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	65,557	1,423	10,613	7,778	64.7	27	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	66,900	1,170	2,510	2,678	22.3	20	Jun 7, 2024	J-GAAP
YoY	+2.0%	-17.8%	-76.3%	-65.6%	-65.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	145,302	12,673	23,570	16,329	135.5	22	Dec 14, 2022	J-GAAP
Oct, 2023	161,002	14,089	24,115	18,024	149.9	45	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	155,000	10,000	15,500	12,000	99.7	30	Jun 7, 2024	J-GAAP
YoY	-3.7%	-29.0%	-35.7%	-33.4%	-33.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	34,950	1,443	5,215	4,234	35.2	4.1	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	30,607	-20	5,398	3,544	29.5	-0.1	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	39,298	2,942	3,565	2,488	20.7	7.5	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	48,802	5,888	9,425	6,834	56.8	12.1	Jun 7, 2024	J-GAAP
May - Jul, 2024	41,100	3,468	3,958	3,505	29.1	8.4	Sep 6, 2024	J-GAAP
YoY	+17.6%	+140.3%	-24.1%	-17.2%	-17.3%