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Mitsui Chemicals, Oct-Dec (3Q) Net Income Decreases by 7%

Tue Feb 4, 2025 1:00 pm JST Earnings

4183 Mitsui Chemicals, Inc. 【IFRS】

Earnings Report

Mitsui Chemicals, Inc. <4183> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 4th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 37.7 billion yen, a 1.2% increase compared to the same period last year. However, the progress rate toward the full-year plan of 56 billion yen was 67.3%, also falling below the five-year average of 78.9%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 43.6% from the same period last year, reaching 18.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 15.4 billion yen, a 6.6% decrease compared to the same period last year. The operating profit margin worsened from 6.4% in the same period last year to 4.7%.

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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 1,428,911 107,018 100,187 64,946 336.4 85.4 Feb 3, 2023 IFRS
Apr - Dec, 2023 1,274,530 60,023 59,174 37,261 196.0 80.7 Feb 7, 2024 IFRS
Apr - Dec, 2024 1,338,836 66,901 65,955 37,711 198.9 76.7 Feb 4, 2025 IFRS
YoY +5.0% +11.5% +11.5% +1.2% +1.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 879,649 48,008 45,164 33,771 180.3 75 Nov 7, 2024 IFRS
Oct - Mar, 2024 New 934,649 48,008 45,164 33,771 180.3 75 Feb 4, 2025 IFRS
Revision Rate +6.3% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 1,770,000 94,000 86,000 56,000 298.9 150 Nov 7, 2024 IFRS
Mar, 2025 New 1,825,000 94,000 86,000 56,000 298.9 150 Feb 4, 2025 IFRS
Revision Rate +3.1% 0.0% 0.0% 0.0% 0.0%

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 926,088 42,879 40,353 29,312 154.2 70 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 934,649 48,008 45,164 33,771 180.3 75 Feb 4, 2025 IFRS
YoY +0.9% +12.0% +11.9% +15.2% +16.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,879,547 128,998 117,278 82,936 431.2 120 May 12, 2023 IFRS
Mar, 2024 1,749,743 74,124 73,331 49,999 263.0 140 May 15, 2024 IFRS
Mar, 2025 Guidance 1,825,000 94,000 86,000 56,000 298.9 150 Feb 4, 2025 IFRS
YoY +4.3% +26.8% +17.3% +12.0% +13.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 450,875 28,778 26,196 16,574 87.2 6.4 Feb 7, 2024 IFRS
Jan - Mar, 2024 475,213 14,101 14,157 12,738 67.0 3.0 May 15, 2024 IFRS
Apr - Jun, 2024 449,471 27,202 29,273 17,889 94.1 6.1 Aug 6, 2024 IFRS
Jul - Sep, 2024 440,880 18,790 11,563 4,340 22.8 4.3 Nov 7, 2024 IFRS
Oct - Dec, 2024 448,485 20,909 25,119 15,482 81.7 4.7 Feb 4, 2025 IFRS
YoY -0.5% -27.3% -4.1% -6.6% -6.3%

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