HOKKO CHEMICAL INDUSTRY CO.,LTD., December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 6%, Exceeds Full-Year Plan

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Mon Oct 7, 2024 3:00 pm JST Earnings

4992 HOKKO CHEMICAL INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

HOKKO CHEMICAL INDUSTRY CO.,LTD. <4992> [TSE-S] announced its financial results after the market closed on October 7th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) decreased by 5.9% from the same period last year to 5.25 billion yen. However, The progress rate against the full-year plan of 5.1 billion yen is 102.9%, already exceeding the target and also exceeding the five-year average of 93.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the September to November period (4Q) is expected to expand to a loss of 150 million yen (compared to a loss of 105 million yen in the same period last year).

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit decreased to 1.28 billion yen, a 18.4% decrease compared to the same period last year. The operating profit margin decreased from 11.6% in the same period last year to 10.3%.

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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
Dec - Aug, 2021	37,365	4,656	5,426	3,819	141.0	91.9	Oct 11, 2022	J-GAAP
Dec - Aug, 2022	38,138	4,838	5,579	3,624	133.8	101.9	Oct 6, 2023	J-GAAP
Dec - Aug, 2023	39,261	4,468	5,250	3,708	136.9	102.9	Oct 7, 2024	J-GAAP
YoY	+2.9%	-7.6%	-5.9%	+2.3%	+2.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	16,914	721	1,468	1,169	43.2	12	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	17,062	718	1,134	773	28.8	16	Jul 5, 2024	J-GAAP
YoY	+0.9%	-0.4%	-22.8%	-33.9%	-33.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	44,864	4,727	5,905	4,214	155.6	21	Jan 13, 2023	J-GAAP
Nov, 2023	45,227	4,417	5,474	3,724	137.5	24	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	46,000	4,120	5,100	3,450	128.5	32	Jan 12, 2024	J-GAAP
YoY	+1.7%	-6.7%	-6.8%	-7.4%	-6.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	9,825	1,142	1,573	1,069	39.5	11.6	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	7,089	-421	-105	100	3.7	-5.9	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	14,409	1,801	2,008	1,318	48.7	12.5	Apr 8, 2024	J-GAAP
Mar - May, 2024	14,529	1,601	1,958	1,359	50.2	11.0	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	10,323	1,066	1,284	1,031	38.1	10.3	Oct 7, 2024	J-GAAP
YoY	+5.1%	-6.7%	-18.4%	-3.6%	-3.5%