Yushiro Chemical Industry Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 22% Increase, Adds to Record High Profit, Dividend Revised Upward by 28 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

5013 Yushiro Chemical Industry Co., Ltd. 【J-GAAP】

Earnings Report

Yushiro Chemical Industry Co., Ltd. <5013> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.13 billion yen, an increase of 30.4% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 30.0%, from the previous forecast of 4.34 billion yen to 5.64 billion yen (compared to 4.62 billion yen in the previous period), record profits reach two consecutive terms, turning to a 21.9% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 12.7% from the same period last year, reaching 2.51 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 70 yen to 98 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.3% from the same period last year, reaching 1.48 billion yen. The operating profit margin improved from 8.3% in the same period last year to 10.2%.

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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	21,770	366	602	104	7.7	41.7	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	25,495	1,771	2,401	1,805	132.7	51.9	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	27,811	2,613	3,130	2,486	182.7	55.5	Nov 8, 2024	J-GAAP
YoY	+9.1%	+47.5%	+30.4%	+37.7%	+37.7%

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	－	30	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	27,811	2,613	3,130	2,486	182.7	30	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	55,500	3,680	4,340	3,100	229.4	70	May 15, 2024	J-GAAP
Mar, 2025 New	55,500	4,740	5,640	4,100	303.4	98	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	+28.8%	+30.0%	+32.3%	+32.3%

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	27,490	1,848	2,227	1,205	88.6	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	27,689	2,127	2,510	1,614	119.4	68	Nov 8, 2024	J-GAAP
YoY	+0.7%	+15.1%	+12.7%	+33.9%	+34.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	46,794	1,049	1,442	898	66.0	20	May 12, 2023	J-GAAP
Mar, 2024	52,985	3,619	4,628	3,010	221.2	70	May 15, 2024	J-GAAP
Mar, 2025 Guidance	55,500	4,740	5,640	4,100	303.4	98	Nov 8, 2024	J-GAAP
YoY	+4.7%	+31.0%	+21.9%	+36.2%	+37.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,060	1,085	1,348	1,104	81.2	8.3	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	14,133	1,245	1,437	1,106	81.3	8.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	13,357	603	790	99	7.3	4.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	13,264	1,124	1,643	1,422	104.5	8.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	14,547	1,489	1,487	1,064	78.2	10.2	Nov 8, 2024	J-GAAP
YoY	+11.4%	+37.2%	+10.3%	-3.6%	-3.7%