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Mitsubishi Chemical, Apr-Dec (Cumulative 3Q) Net Income Decreases by 43%, Exceeds Full-Year Plan

Thu Feb 6, 2025 1:30 pm JST Earnings

4188 Mitsubishi Chemical Group Corporation 【IFRS】

Earnings Report

Mitsubishi Chemical Group Corporation <4188> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 6th (13:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 42.8% from the same period last year to 59.3 billion yen. The progress rate toward the full-year plan of 52 billion yen is 114.2%, already exceeding the target and also exceeding the five-year average of 78.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a loss of 7.36 billion yen (compared to a profit of 15.7 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 18.4 billion yen, a 49.7% decrease compared to the same period last year. The operating profit margin worsened from 6.7% in the same period last year to 4.8%.

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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 3,406,165 48,622 39,207 17,039 12.0 23.3 Feb 7, 2023 IFRS
Apr - Dec, 2023 3,245,140 212,500 191,784 103,864 73.0 79.7 Feb 6, 2024 IFRS
Apr - Dec, 2024 3,331,546 189,477 161,485 59,369 41.7 97.3 Feb 6, 2025 IFRS
YoY +2.7% -10.8% -15.8% -42.8% -42.9%

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 2,237,320 123,213 110,396 52,384 36.8 16 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 2,227,934 81,340 59,898 11,079 7.8 16 Nov 1, 2024 IFRS
YoY -0.4% -34.0% -45.7% -78.9% -78.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,634,532 182,718 167,964 96,461 67.9 30 May 12, 2023 IFRS
Mar, 2024 4,387,218 261,831 240,547 119,596 84.1 32 May 15, 2024 IFRS
Mar, 2025 Guidance 4,470,000 218,000 166,000 52,000 36.5 32 Nov 1, 2024 IFRS
YoY +1.9% -16.7% -31.0% -56.5% -56.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,095,242 73,882 61,633 36,652 25.8 6.7 Feb 6, 2024 IFRS
Jan - Mar, 2024 1,142,078 49,331 48,763 15,732 11.1 4.3 May 15, 2024 IFRS
Apr - Jun, 2024 1,129,353 84,995 77,019 39,652 27.9 7.5 Aug 1, 2024 IFRS
Jul - Sep, 2024 1,112,713 51,665 29,083 1,269 0.9 4.6 Nov 1, 2024 IFRS
Oct - Dec, 2024 1,089,480 52,817 55,383 18,448 13.0 4.8 Feb 6, 2025 IFRS
YoY -0.5% -28.5% -10.1% -49.7% -49.7%

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