JAPAN PURE CHEMICAL CO.,LTD., The Current Fiscal Year Net Income Revised Upward by 2.7 times, Highest in Seventeen Terms

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Wed Oct 23, 2024 3:00 pm JST Earnings

4973 JAPAN PURE CHEMICAL CO.,LTD. 【J-GAAP】

Earnings Report

JAPAN PURE CHEMICAL CO.,LTD. <4973> [TSE-P] announced its financial results after the market closed on October 23rd (15:00). The net income (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.1 times that of the same period last year, reaching 822 million yen.

In addition, the full-year net income has been revised upward by 2.7 times, from the previous forecast of 580 million yen to 1.58 billion yen (compared to 548 million yen in the previous period), increasing the growth rate from 5.8% to 2.9 times, reaches new record high for the first time in seventeen terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the net income for the October to March period (second half) is expected to surge by 2.2 times that of the same period last year, reaching 758 million yen.

In the most recent three-month period, from July to September (2Q), the net income surged to 6.6 times that of the same period last year, reaching 551 million yen. The operating profit margin improved from 3.1% in the same period last year to 3.6%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	9,054	419	518	380	64.9	68.8	Oct 25, 2022	J-GAAP
Apr - Sep, 2023	6,042	153	262	202	35.2	47.4	Oct 24, 2023	J-GAAP
Apr - Sep, 2024	6,330	266	359	822	142.6	52.8	Oct 23, 2024	J-GAAP
YoY	+4.8%	+73.9%	+37.0%	+306.9%	+305.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	63	Apr 24, 2024	J-GAAP
Apr - Sep, 2024 Results	6,330	266	359	822	142.6	63	Oct 23, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	13,000	500	680	580	100.4	126	Apr 24, 2024	J-GAAP
Mar, 2025 New	13,000	500	680	1,580	273.6	126	Oct 23, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+172.4%	+172.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	5,377	201	291	346	60.2	61	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,670	234	321	758	131.2	63	Oct 23, 2024	J-GAAP
YoY	+24.0%	+16.4%	+10.3%	+119.1%	+118.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,254	567	753	569	97.8	80	Apr 25, 2023	J-GAAP
Mar, 2024	11,419	354	553	548	95.3	101	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	13,000	500	680	1,580	273.6	126	Oct 23, 2024	J-GAAP
YoY	+13.8%	+41.2%	+23.0%	+188.3%	+187.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,199	99	108	83	14.5	3.1	Oct 24, 2023	J-GAAP
Oct - Dec, 2023	2,679	132	217	168	29.3	4.9	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	2,698	69	74	178	30.9	2.6	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	3,079	149	241	271	47.1	4.8	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	3,251	117	118	551	95.6	3.6	Oct 23, 2024	J-GAAP
YoY	+1.6%	+18.2%	+9.3%	+563.9%	+561.3%