HARIMA CHEMICALS GROUP, INC., The Current Fiscal Year Ordinary Profit Revised Upward by 19%

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Thu Oct 31, 2024 1:00 pm JST Earnings

4410 HARIMA CHEMICALS GROUP, INC. 【J-GAAP】

Earnings Report

HARIMA CHEMICALS GROUP, INC. <4410> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 1.11 billion yen (compared to a loss of 304 million yen in the same period last year), exceeded the previous forecast of 680 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 19.0%, from the previous forecast of 2.1 billion yen to 2.5 billion yen (compared to a loss of 275 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 48 times that of the same period last year, reaching 1.38 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 638 million yen (compared to a loss of 66 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.0% in the same period last year to 3.0%.

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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	46,897	2,199	2,796	1,491	59.5	110.0	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	45,272	-607	-304	-406	-16.8	ー	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	49,140	1,252	1,117	595	24.6	44.7	Oct 31, 2024	J-GAAP
YoY	+8.5%	－	－	－	－

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	49,300	680	680	470	19.4	21	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	49,140	1,252	1,117	595	24.6	21	Oct 31, 2024	J-GAAP
Revision Rate	-0.3%	+84.1%	+64.3%	+26.6%	+26.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	102,000	2,100	2,100	1,450	59.8	42	Apr 30, 2024	J-GAAP
Mar, 2025 New	102,000	3,000	2,500	1,550	63.9	42	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	+42.9%	+19.0%	+6.9%	+6.9%

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	47,058	396	29	-755	-31.2	21	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,860	1,748	1,383	955	39.4	21	Oct 31, 2024	J-GAAP
YoY	+12.3%	+341.4%	+4,669.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	94,510	1,706	2,541	885	35.8	42	Apr 28, 2023	J-GAAP
Mar, 2024	92,330	-211	-275	-1,161	-48.0	42	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	102,000	3,000	2,500	1,550	63.9	42	Oct 31, 2024	J-GAAP
YoY	+10.5%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,676	-235	-66	-268	-11.1	-1.0	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	24,334	414	498	298	12.3	1.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	22,724	-18	-469	-1,053	-43.5	-0.1	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	23,807	481	479	365	15.1	2.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	25,333	771	638	230	9.5	3.0	Oct 31, 2024	J-GAAP
YoY	+11.7%	－	－	－	－