Hodogaya Chemical Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 15%, Dividend Revised Upward by 5 yen

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Wed Nov 13, 2024 5:00 pm JST Earnings

4112 Hodogaya Chemical Co.,Ltd. 【J-GAAP】

Earnings Report

Hodogaya Chemical Co.,Ltd. <4112> [TSE-P] announced its financial results after the market closed on November 13th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.4 times that of the same period last year, reaching 4.41 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 14.6%, from the previous forecast of 4.8 billion yen to 5.5 billion yen (compared to 4.71 billion yen in the previous period), increasing the growth rate from 1.9% to 16.7%.

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 significant drop by 62.5% from the same period last year to 1.08 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 85 yen to 90 yen (compared to 75 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.2% from the same period last year, reaching 1.19 billion yen. The operating profit margin significantly improved from 8.7% in the same period last year to 12.5%.

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	20,579	1,963	2,526	1,398	176.6	60.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	20,451	1,245	1,814	909	114.6	38.5	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	26,607	4,354	4,413	2,549	320.9	80.2	Nov 13, 2024	J-GAAP
YoY	+30.1%	+249.7%	+143.3%	+180.4%	+179.9%

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	－	42.50	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	26,607	4,354	4,413	2,549	320.9	45	Nov 13, 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	48,000	4,500	4,800	2,700	339.7	85	May 15, 2024	J-GAAP
Mar, 2025 New	50,000	5,500	5,500	3,300	415.2	90	Nov 13, 2024	J-GAAP
Revision Rate	+4.2%	+22.2%	+14.6%	+22.2%	+22.2%

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	23,810	2,706	2,897	1,571	198.0	37.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	23,393	1,146	1,087	751	94.5	45	Nov 13, 2024	J-GAAP
YoY	-1.8%	-57.6%	-62.5%	-52.2%	-52.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	43,324	3,701	4,211	2,223	280.7	65	May 15, 2023	J-GAAP
Mar, 2024	44,261	3,951	4,711	2,480	312.6	75	May 15, 2024	J-GAAP
Mar, 2025 Guidance	50,000	5,500	5,500	3,300	415.2	90	Nov 13, 2024	J-GAAP
YoY	+13.0%	+39.2%	+16.7%	+33.1%	+32.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,410	908	1,046	540	68.1	8.7	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	11,191	1,167	1,198	654	82.5	10.4	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	12,619	1,539	1,699	917	115.6	12.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	14,489	2,842	3,218	1,708	215.1	19.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,118	1,512	1,195	841	105.9	12.5	Nov 13, 2024	J-GAAP
YoY	+16.4%	+66.5%	+14.2%	+55.7%	+55.5%