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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 37.9 75.4 Oct 27, 2022 J-GAAP
Jan - Sep, 2023 18,990 3,622 3,521 2,573 50.5 68.8 Oct 26, 2023 J-GAAP
Jan - Sep, 2024 24,599 5,777 5,619 3,816 74.9 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 35.9 16 Feb 7, 2024 J-GAAP
Jul - Dec, 2024 Guidance 17,666 3,393 3,297 2,354 46.2 16 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 50.3 18.50 Feb 3, 2023 J-GAAP
Dec, 2023 26,413 5,296 5,117 3,672 72.1 27 Feb 7, 2024 J-GAAP
Dec, 2024 Guidance 33,000 6,800 6,600 4,600 90.3 32 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 14.3 18.1 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 7,423 1,674 1,596 1,099 21.6 22.6 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 6,857 1,320 1,260 875 17.2 19.3 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 8,477 2,087 2,043 1,371 26.9 24.6 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 9,265 2,370 2,316 1,570 30.8 25.6 Oct 29, 2024 J-GAAP
YoY +44.1% +103.6% +105.7% +115.4% +115.5%

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