Resonac Holdings Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 21%

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Tue Nov 12, 2024 3:30 pm JST Earnings

4004 Resonac Holdings Corporation 【J-GAAP】

Earnings Report

Resonac Holdings Corporation <4004> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 46.4 billion yen (compared to a loss of 7.15 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 20.6%, from the previous forecast of 51 billion yen to 61.5 billion yen (compared to a loss of 14.7 billion yen in the previous period). However, the full-year consolidated net income has downwardly by 7.2%, from the previous forecast of 34.5 billion yen to 32 billion yen (compared to a loss of 18.9 billion yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 51.2%, from the previous forecast of 20.5 billion yen to 31 billion yen (compared to a loss of 3.41 billion yen in the same period of the previous year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 3.8 times that of the same period last year, reaching 16 billion yen. The operating profit margin drastically improved from 2.7% in the same period last year to 8.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,034,152	54,748	65,328	36,678	202.5	105.9	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	942,307	-4,309	-7,150	-6,367	-35.2	ー	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	1,027,549	58,885	46,499	50,770	280.8	75.6	Nov 12, 2024	J-GAAP
YoY	+9.0%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	723,453	33,026	20,515	-3,945	-21.8	65	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 New	713,453	49,526	31,015	-6,445	-35.7	65	Nov 12, 2024	J-GAAP
Revision Rate	-1.4%	+50.0%	+51.2%	-63.4%	-63.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	1,392,000	61,000	51,000	34,500	190.9	65	Aug 8, 2024	J-GAAP
Dec, 2024 New	1,382,000	77,500	61,500	32,000	177.1	65	Nov 12, 2024	J-GAAP
Revision Rate	-0.7%	+27.0%	+20.6%	-7.2%	-7.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	672,743	9,401	-3,416	862	4.8	65	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	713,453	49,526	31,015	-6,445	-35.7	65	Nov 12, 2024	J-GAAP
YoY	+6.1%	+426.8%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,392,621	61,726	61,711	32,422	179.0	65	Feb 14, 2023	J-GAAP
Dec, 2023	1,288,869	-3,764	-14,773	-18,955	-104.7	65	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	1,382,000	77,500	61,500	32,000	177.1	65	Nov 12, 2024	J-GAAP
YoY	+7.2%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	326,181	8,856	4,207	13,450	74.3	2.7	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	346,562	545	-7,623	-12,588	-69.5	0.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	321,374	8,944	11,011	27,063	149.5	2.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	347,173	19,030	19,474	11,382	62.9	5.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	359,002	30,911	16,014	12,325	68.2	8.6	Nov 12, 2024	J-GAAP
YoY	+10.1%	+249.0%	+280.7%	-8.4%	-8.2%