Bando Chemical Industries, Ltd., First Half Net Income Decreases by 10%, July-September Net Income Decreases by 24%

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Fri Nov 8, 2024 2:00 pm JST Earnings

5195 Bando Chemical Industries, Ltd. 【IFRS】

Earnings Report

Bando Chemical Industries, Ltd. <5195> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 8th (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.2% from the same period last year to 3.29 billion yen. The progress rate against the 6.5 billion yen full-year plan was 50.7%, below the same period of the previous year of 59.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 27.7% from the same period last year, reaching 3.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 1.36 billion yen, a 23.7% decrease compared to the same period last year. However, the operating profit margin improved from 9.1% in the same period last year to 9.6%.

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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	52,200	4,371	5,402	3,568	80.5	63.2	Nov 9, 2022	IFRS
Apr - Sep, 2023	53,927	4,515	5,408	3,671	84.4	62.3	Nov 9, 2023	IFRS
Apr - Sep, 2024	58,098	5,048	4,525	3,297	77.2	ー	Nov 8, 2024	IFRS
YoY	+7.7%	+11.8%	-16.3%	-10.2%	-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	ー	ー	ー	ー	－	38	May 15, 2024	IFRS
Apr - Sep, 2024 Results	58,098	5,048	4,525	3,297	77.2	38	Nov 8, 2024	IFRS
Revision Rate	－	－	－	－	－

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	54,351	3,257	3,268	2,509	57.9	38	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	51,902	4,552	ー	3,203	76.2	38	Nov 8, 2024	IFRS
YoY	-4.5%	+39.8%	－	+27.7%	+31.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	103,608	8,259	8,542	5,722	130.0	52	May 15, 2023	IFRS
Mar, 2024	108,278	7,772	8,676	6,180	142.6	72	May 15, 2024	IFRS
Mar, 2025 Guidance	110,000	9,600	ー	6,500	154.7	76	May 15, 2024	IFRS
YoY	+1.6%	+23.5%	－	+5.2%	+8.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27,374	2,500	2,690	1,789	41.1	9.1	Nov 9, 2023	IFRS
Oct - Dec, 2023	26,773	2,400	2,014	1,321	30.4	9.0	Feb 9, 2024	IFRS
Jan - Mar, 2024	27,578	857	1,254	1,188	27.4	3.1	May 15, 2024	IFRS
Apr - Jun, 2024	29,344	2,292	2,857	1,932	45.1	7.8	Aug 9, 2024	IFRS
Jul - Sep, 2024	28,754	2,756	1,668	1,365	32.0	9.6	Nov 8, 2024	IFRS
YoY	+5.0%	+10.2%	-38.0%	-23.7%	-22.3%