TOHOKU CHEMICAL Co.,LTD., 20% Increase in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

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Thu Nov 14, 2024 4:00 pm JST Earnings

7446 TOHOKU CHEMICAL Co.,LTD. 【J-GAAP】

Earnings Report

TOHOKU CHEMICAL Co.,LTD. <7446> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 dropped by 49.6% from the previous period to 407 million yen. For the fiscal year ending September 2025, the profit is expected to recover to 20.4% to 490 million yen.

At the same time, the company increased the annual dividend for the previous term from 95 yen to 105 yen (compared to 105 yen in the prior term), and has decided to reduce the dividend this fiscal year to 100 yen, a decrease of 5 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit amounted to 104 million yen, an increase of 3.0% compared to the same period last year. The operating profit margin remained almost flat, changing from 1.1% in the same period last year to 1.3%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	37,333	944	1,003	657	728.8	115	Nov 14, 2022	J-GAAP
Sep, 2023	35,094	750	808	556	617.3	105	Nov 13, 2023	J-GAAP
Sep, 2024	32,155	353	407	237	263.5	105	Nov 14, 2024	J-GAAP
YoY	-8.4%	-52.9%	-49.6%	-57.4%	-57.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	32,300	440	490	320	355.2	95	Nov 13, 2023	J-GAAP
Sep, 2024 Results	32,155	353	407	237	263.5	105	Nov 14, 2024	J-GAAP
Revision Rate	-0.4%	-19.8%	-16.9%	-25.9%	-25.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	16,617	276	301	210	233.9	0	May 1, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,900	270	305	190	210.9	0	Nov 14, 2024	J-GAAP
YoY	+1.7%	-2.2%	+1.3%	-9.5%	-9.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	35,094	750	808	556	617.3	105	Nov 13, 2023	J-GAAP
Sep, 2024	32,155	353	407	237	263.5	105	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	33,700	420	490	310	344.1	100	Nov 14, 2024	J-GAAP
YoY	+4.8%	+19.0%	+20.4%	+30.8%	+30.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,161	92	101	57	63.3	1.1	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	8,330	57	77	53	59.3	0.7	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	8,287	219	224	157	174.8	2.6	May 1, 2024	J-GAAP
Apr - Jun, 2024	7,743	-22	2	-12	-13.4	-0.3	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	7,795	99	104	39	43.4	1.3	Nov 14, 2024	J-GAAP
YoY	-4.5%	+7.6%	+3.0%	-31.6%	-31.5%