Mitsubishi Gas Chemical Company,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Dividend Revised Upward by 5 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

4182 Mitsubishi Gas Chemical Company,Inc. 【J-GAAP】

Earnings Report

Mitsubishi Gas Chemical Company,Inc. <4182> [TSE-P] 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 37.4 billion yen, an increase of 50.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 1.6%, from the previous forecast of 62 billion yen to 63 billion yen (compared to 46 billion yen in the previous period), increasing the growth rate from 34.7% to 36.8%.

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 21.2% from the same period last year, reaching 25.5 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 95 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.7% from the same period last year, reaching 19.4 billion yen. The operating profit margin improved from 7.5% in the same period last year to 9.0%.

Kabutan News

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	394,909	33,524	49,928	34,269	166.3	71.6	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	399,652	22,103	24,947	31,235	152.7	54.2	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	388,130	33,752	37,444	24,724	123.5	59.4	Nov 8, 2024	J-GAAP
YoY	-2.9%	+52.7%	+50.1%	-20.8%	-19.1%

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	390,000	28,000	33,000	23,000	114.9	45	Aug 7, 2024	J-GAAP
Apr - Sep, 2024 Results	388,130	33,752	37,444	24,724	123.5	45	Nov 8, 2024	J-GAAP
Revision Rate	-0.5%	+20.5%	+13.5%	+7.5%	+7.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	790,000	54,000	62,000	48,000	241.0	90	Aug 7, 2024	J-GAAP
Mar, 2025 New	770,000	56,000	63,000	48,000	241.0	95	Nov 8, 2024	J-GAAP
Revision Rate	-2.5%	+3.7%	+1.6%	0.0%	0.0%

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	413,765	25,234	21,093	7,583	37.3	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	381,870	22,248	25,556	23,276	116.9	50	Nov 8, 2024	J-GAAP
YoY	-7.7%	-11.8%	+21.2%	+206.9%	+213.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	781,211	49,030	69,764	49,085	239.1	80	May 12, 2023	J-GAAP
Mar, 2024	813,417	47,337	46,040	38,818	191.0	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	770,000	56,000	63,000	48,000	241.0	95	Nov 8, 2024	J-GAAP
YoY	-5.3%	+18.3%	+36.8%	+23.7%	+26.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	212,644	15,892	17,922	11,391	55.7	7.5	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	222,087	16,555	18,457	8,833	43.3	7.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	191,678	8,679	2,636	-1,250	-6.2	4.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	188,115	15,729	17,954	11,733	58.6	8.4	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	200,015	18,023	19,490	12,991	64.9	9.0	Nov 8, 2024	J-GAAP
YoY	-5.9%	+13.4%	+8.7%	+14.0%	+16.5%