SANYO CHEMICAL INDUSTRIES,LTD., First Half Net Income Decreases by 79%, July-September Net Income Turns to Loss

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Tue Nov 12, 2024 11:00 am JST Earnings

4471 SANYO CHEMICAL INDUSTRIES,LTD. 【J-GAAP】

Earnings Report

SANYO CHEMICAL INDUSTRIES,LTD. <4471> [TSE-P] announced its financial results in the morning on November 12th (11:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 78.6% from the same period last year to 940 million yen. The progress rate against the 4 billion yen full-year plan was 23.5%, also falling below the five-year average of 57.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 3.06 billion yen (compared to a loss of 12.8 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 1.46 billion yen (compared to a profit of 1.43 billion yen in the same period last year). However, the operating profit margin improved from 3.3% in the same period last year to 6.1%.

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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	88,439	3,807	7,368	4,719	213.9	74.3	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	79,278	2,020	4,947	4,398	199.2	60.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	77,030	4,453	4,991	940	42.6	49.9	Nov 12, 2024	J-GAAP
YoY	-2.8%	+120.4%	+0.9%	-78.6%	-78.6%

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	75,000	4,000	4,500	0	0.0	85	Sep 27, 2024	J-GAAP
Apr - Sep, 2024 Results	77,030	4,453	4,991	940	42.6	85	Nov 12, 2024	J-GAAP
Revision Rate	+2.7%	+11.3%	+10.9%	－	－

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	80,232	2,866	3,239	-12,899	-584.2	85	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	67,970	4,547	5,009	3,060	138.3	85	Nov 12, 2024	J-GAAP
YoY	-15.3%	+58.7%	+54.6%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	174,973	8,123	9,918	5,684	257.6	170	May 12, 2023	J-GAAP
Mar, 2024	159,510	4,886	8,186	-8,501	-385.0	170	May 14, 2024	J-GAAP
Mar, 2025 Guidance	145,000	9,000	10,000	4,000	180.8	170	Sep 27, 2024	J-GAAP
YoY	-9.1%	+84.2%	+22.2%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	40,364	1,316	2,105	1,438	65.1	3.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	42,854	2,197	1,937	-1,418	-64.2	5.1	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	37,378	669	1,302	-11,481	-520.0	1.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	39,654	2,183	3,571	2,402	108.8	5.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	37,376	2,270	1,420	-1,462	-66.2	6.1	Nov 12, 2024	J-GAAP
YoY	-7.4%	+72.5%	-32.5%	－	－