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ISE CHEMICALS CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 60%, July-September Ordinary Profit Increases by 2.1 times

Tue Oct 29, 2024 3:00 pm JST Earnings

4107 ISE CHEMICALS CORPORATION 【J-GAAP】

Earnings Report

ISE CHEMICALS CORPORATION <4107> [TSE-S] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 5.61 billion yen, an increase of 59.6% compared to the same period last year. The progress rate against the 6.6 billion yen full-year plan was 85.1%, also surpassing the five-year average of 73.1%.

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 for the October to December period (4Q) is expected to drop by 38.5% from the same period last year to 981 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 2.31 billion yen. The operating profit margin jumped from 18.1% in the same period last year to 25.6%.

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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
Jan - Sep, 2022 19,197 2,798 2,758 1,931 378.9 75.4 Oct 27, 2022 J-GAAP
Jan - Sep, 2023 18,990 3,622 3,521 2,573 504.8 68.8 Oct 26, 2023 J-GAAP
Jan - Sep, 2024 24,599 5,777 5,619 3,816 748.8 85.1 Oct 29, 2024 J-GAAP
YoY +29.5% +59.5% +59.6% +48.3% +48.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 13,854 2,838 2,722 1,828 358.7 160 Feb 7, 2024 J-GAAP
Jul - Dec, 2024 Guidance 17,666 3,393 3,297 2,354 461.9 160 Jul 25, 2024 J-GAAP
YoY +27.5% +19.6% +21.1% +28.8% +28.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 25,564 3,756 3,657 2,562 502.7 185 Feb 3, 2023 J-GAAP
Dec, 2023 26,413 5,296 5,117 3,672 720.5 270 Feb 7, 2024 J-GAAP
Dec, 2024 Guidance 33,000 6,800 6,600 4,600 902.6 320 Feb 7, 2024 J-GAAP
YoY +24.9% +28.4% +29.0% +25.3% +25.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,431 1,164 1,126 729 143.0 18.1 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 7,423 1,674 1,596 1,099 215.6 22.6 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 6,857 1,320 1,260 875 171.8 19.3 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 8,477 2,087 2,043 1,371 269.1 24.6 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 9,265 2,370 2,316 1,570 308.1 25.6 Oct 29, 2024 J-GAAP
YoY +44.1% +103.6% +105.7% +115.4% +115.4%

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