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BP Castrol K.K., July-September (3Q) Ordinary Profit Decreases by 24%

Thu Nov 7, 2024 12:00 pm JST Earnings

5015 BP Castrol K.K. 【J-GAAP】

Earnings Report

BP Castrol K.K. <5015> [TSE-S] announced its financial results at noon (12:00) on November 7th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 16.3% from the same period last year, reaching 1.02 billion yen. However, The progress rate against the 1.42 billion yen full-year plan was 72.1%, also falling below the five-year average of 76.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 38.8% from the same period last year, reaching 397 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 200 million yen, a 24.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.5% in the same period last year to 4.9%.

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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 8,073 814 853 527 23.0 90.6 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 8,699 842 882 584 25.5 75.5 Nov 6, 2023 J-GAAP
Jan - Sep, 2024 9,602 964 1,026 687 29.9 72.1 Nov 7, 2024 J-GAAP
YoY +10.4% +14.5% +16.3% +17.6% +17.5%

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 6,272 515 550 371 16.2 20 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 7,170 554 597 398 17.3 23 Aug 14, 2024 J-GAAP
YoY +14.3% +7.6% +8.5% +7.3% +7.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 11,188 869 941 572 24.9 46 Feb 9, 2023 J-GAAP
Dec, 2023 12,037 1,108 1,168 781 34.0 36 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 13,363 1,352 1,423 950 41.4 42 Feb 9, 2024 J-GAAP
YoY +11.0% +22.0% +21.8% +21.6% +21.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,934 249 264 174 7.6 8.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 3,338 266 286 197 8.6 8.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,813 421 434 289 12.6 15.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,380 377 392 263 11.5 11.2 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 3,409 166 200 135 5.9 4.9 Nov 7, 2024 J-GAAP
YoY +16.2% -33.3% -24.2% -22.4% -22.5%

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