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Denka Company Limited, First Half Ordinary Profit Decreases by 31%, July-September Ordinary Profit Decreases by 66%

Fri Nov 8, 2024 11:00 am JST Earnings

4061 Denka Company Limited 【J-GAAP】

Earnings Report

Denka Company Limited <4061> [TSE-P] announced its financial results in the morning on November 8th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 31.1% from the same period last year to 5.57 billion yen. The progress rate against the 12 billion yen full-year plan was 46.5%, also falling below the five-year average of 72.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 6.42 billion yen (compared to a loss of 2.61 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.96 billion yen, a 65.6% decrease compared to the same period last year. The operating profit margin worsened from 7.5% in the same period last year to 4.5%.

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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 202,928 18,308 17,020 14,327 166.2 60.7 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 191,369 10,535 8,087 6,559 76.1 147.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 199,054 9,385 5,574 3,372 39.1 46.5 Nov 8, 2024 J-GAAP
YoY +4.0% -10.9% -31.1% -48.6% -48.6%

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 200,000 8,500 5,000 4,000 46.4 50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 199,054 9,385 5,574 3,372 39.1 50 Nov 8, 2024 J-GAAP
Revision Rate -0.5% +10.4% +11.5% -15.7% -15.7%

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 197,894 2,841 -2,613 5,388 62.5 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 220,946 8,615 6,426 5,628 65.3 50 Nov 8, 2024 J-GAAP
YoY +11.6% +203.2% － +4.5% +4.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 407,559 32,324 28,025 12,768 148.1 100 May 11, 2023 J-GAAP
Mar, 2024 389,263 13,376 5,474 11,947 138.6 100 May 10, 2024 J-GAAP
Mar, 2025 Guidance 420,000 18,000 12,000 9,000 104.4 100 May 10, 2024 J-GAAP
YoY +7.9% +34.6% +119.2% -24.7% -24.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 103,540 7,739 5,702 4,264 49.5 7.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 101,474 2,018 376 -2,977 -34.5 2.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 96,420 823 -2,989 8,365 97.1 0.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 95,227 4,717 3,612 2,250 26.1 5.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 103,827 4,668 1,962 1,122 13.0 4.5 Nov 8, 2024 J-GAAP
YoY +0.3% -39.7% -65.6% -73.7% -73.7%

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