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Mitsubishi Chemical, Apr-Dec (Cumulative 3Q) Net Income Decreases by 43%, Exceeds Full-Year Plan
4188 Mitsubishi Chemical Group Corporation 【IFRS】
Earnings ReportMitsubishi 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%.
Kabutan News
Actual Results
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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