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

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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	41,874	2,626	2,633	1,746	107.7	50.6	Nov 8, 2024	J-GAAP
YoY	+3.5%	+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	41,874	2,626	2,633	1,746	107.7	62.50	Nov 8, 2024	J-GAAP
Revision Rate	-0.3%	+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	45,126	2,774	2,567	2,554	157.5	62.50	Nov 8, 2024	J-GAAP
YoY	+8.4%	+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	20,005	1,030	773	321	19.8	5.1	Nov 8, 2024	J-GAAP
YoY	+3.2%	－	－	－	－