SUMITOMO CHEMICAL, Apr-Dec (Cumulative 3Q) Net Income Turns to Profit, Exceeds Full-Year Plan

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Mon Feb 3, 2025 1:30 pm JST Earnings

4005 SUMITOMO CHEMICAL COMPANY, LIMITED 【IFRS】

Earnings Report

SUMITOMO CHEMICAL COMPANY, LIMITED <4005> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 3rd (13:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 28.5 billion yen (compared to a loss of 109 billion yen in the same period last year). The progress rate toward the full-year plan of 25 billion yen is 114.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the January to March period (4Q) is expected to further decrease loss of 3.58 billion yen (compared to a loss of 202 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a profit of 35.1 billion yen (compared to a loss of 33.4 billion yen in the same period last year). The operating profit/loss margin drastically improved from -4.3% in the same period last year to 3.6%.

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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
Apr - Dec, 2022	2,257,045	71,441	94,772	60,310	36.9	41,026.8	Feb 1, 2023	IFRS
Apr - Dec, 2023	1,806,869	-160,634	-159,953	-109,778	-67.1	ー	Feb 2, 2024	IFRS
Apr - Dec, 2024	1,904,833	145,434	40,071	28,581	17.5	ー	Feb 3, 2025	IFRS
YoY	+5.4%	－	－	－	－

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	1,260,018	-355,147	-358,996	-235,492	-144.0	3	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	1,358,605	58,751	ー	31,527	19.3	6	Oct 30, 2024	IFRS
YoY	+7.8%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,895,283	-30,984	231	6,987	4.3	18	May 15, 2023	IFRS
Mar, 2024	2,446,893	-488,826	-462,792	-311,838	-190.7	9	May 15, 2024	IFRS
Mar, 2025 Guidance	2,600,000	180,000	ー	25,000	15.3	9	Oct 30, 2024	IFRS
YoY	+6.3%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	619,994	-26,955	-56,157	-33,432	-20.4	-4.3	Feb 2, 2024	IFRS
Jan - Mar, 2024	640,024	-328,192	-302,839	-202,060	-123.6	-51.3	May 15, 2024	IFRS
Apr - Jun, 2024	612,144	11,499	37,481	24,383	14.9	1.9	Aug 2, 2024	IFRS
Jul - Sep, 2024	629,251	109,750	-68,020	-30,910	-18.9	17.4	Oct 30, 2024	IFRS
Oct - Dec, 2024	663,438	24,185	70,610	35,108	21.5	3.6	Feb 3, 2025	IFRS
YoY	+7.0%	－	－	－	－