YASUHARA CHEMICAL CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 22% Increase

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Thu Oct 31, 2024 4:00 pm JST Earnings

4957 YASUHARA CHEMICAL CO.,LTD. 【J-GAAP】

Earnings Report

YASUHARA CHEMICAL CO.,LTD. <4957> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 763 million yen, an increase of 37.7% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 13.0% decrease.

In addition, the full-year ordinary profit has been revised upward by 49.1%, from the previous forecast of 961 million yen to 1.43 billion yen (compared to 1.17 billion yen in the previous period), turning to a 22.2% increase in the ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 8.2% from the same period last year, reaching 670 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 129 million yen, a 57.8% decrease compared to the same period last year. However, the operating profit margin drastically improved from 6.4% in the same period last year to 13.6%.

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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	6,033	230	719	522	50.8	115.0	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	6,323	143	554	466	49.0	47.2	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	7,227	909	763	550	60.0	53.2	Oct 31, 2024	J-GAAP
YoY	+14.3%	+535.7%	+37.7%	+18.0%	+22.6%

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	6,536	448	482	333	36.7	6	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	7,227	909	763	550	60.0	6	Oct 31, 2024	J-GAAP
Revision Rate	+10.6%	+102.9%	+58.3%	+65.2%	+63.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	13,305	893	961	664	73.2	12	Apr 30, 2024	J-GAAP
Mar, 2025 New	14,392	1,545	1,433	1,017	112.1	12	Oct 31, 2024	J-GAAP
Revision Rate	+8.2%	+73.0%	+49.1%	+53.2%	+53.2%

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	6,869	538	619	117	12.3	6	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,165	636	670	467	51.5	6	Oct 31, 2024	J-GAAP
YoY	+4.3%	+18.2%	+8.2%	+299.1%	+317.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,883	207	625	669	65.9	12	Apr 28, 2023	J-GAAP
Mar, 2024	13,192	681	1,173	583	61.5	12	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	14,392	1,545	1,433	1,017	112.1	12	Oct 31, 2024	J-GAAP
YoY	+9.1%	+126.9%	+22.2%	+74.4%	+82.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,142	200	306	234	24.6	6.4	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	3,622	334	213	307	32.3	9.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	3,247	204	406	-190	-20.0	6.3	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	3,545	410	634	441	47.9	11.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	3,682	499	129	109	11.9	13.6	Oct 31, 2024	J-GAAP
YoY	+17.2%	+149.5%	-57.8%	-53.4%	-51.6%