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Sakai Chemical Industry Co.,Ltd., First Half Ordinary Profit Increases by 3.0 times, July-September Ordinary Profit Turns to Profit

Fri Nov 8, 2024 3:00 pm JST Earnings

4078 Sakai Chemical Industry Co.,Ltd. 【J-GAAP】

Earnings Report

Sakai Chemical Industry Co.,Ltd. <4078> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.0 times that of the same period last year, reaching 2.63 billion yen. The progress rate against the 5.2 billion yen full-year plan was 50.6%, also surpassing the five-year average of 47.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 17.7% from the same period last year, reaching 2.56 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 773 million yen (compared to a loss of 41 million yen in the same period last year). The operating profit/loss margin drastically improved from -0.1% in the same period last year to 5.1%.

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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 42,694 3,267 3,830 2,871 177.5 78.9 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 40,471 917 885 -2,033 -125.5 28.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 42,168 2,626 2,633 1,746 107.7 50.6 Nov 8, 2024 J-GAAP
YoY +4.2% +186.4% +197.5% － －

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 42,000 2,400 2,300 1,600 98.7 62.50 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 42,168 2,626 2,633 1,746 107.7 62.50 Nov 8, 2024 J-GAAP
Revision Rate +0.4% +9.4% +14.5% +9.1% +9.2%

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 41,634 2,025 2,181 -5,059 -312.2 35 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 44,832 2,774 2,567 2,554 157.5 62.50 Nov 8, 2024 J-GAAP
YoY +7.7% +37.0% +17.7% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 83,861 4,407 4,854 2,344 144.9 75 May 12, 2023 J-GAAP
Mar, 2024 82,105 2,942 3,066 -7,092 -437.7 70 May 13, 2024 J-GAAP
Mar, 2025 Guidance 87,000 5,400 5,200 4,300 265.1 125 May 13, 2024 J-GAAP
YoY +6.0% +83.5% +69.6% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 19,385 -15 -41 -2,487 -153.6 -0.1 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 20,284 788 892 -5,436 -335.5 3.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 21,350 1,237 1,289 377 23.3 5.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 21,869 1,596 1,860 1,425 87.9 7.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 20,299 1,030 773 321 19.8 5.1 Nov 8, 2024 J-GAAP
YoY +4.7% － － － －

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