SUGAI CHEMICAL, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 26%, Exceeds Full-Year Plan, Current Fiscal Year Dividend Revised Upward by 10 yen

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Thu Feb 6, 2025 3:30 pm JST Earnings

4120 SUGAI CHEMICAL INDUSTRY CO., LTD. 【J-GAAP】

Earnings Report

SUGAI CHEMICAL INDUSTRY CO., LTD. <4120> [TSE Std] announced its financial results after the market closed on February 6th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 25.8% from the same period last year to 549 million yen. However, the progress rate toward the full-year plan of 510 million yen is 107.6%, already exceeding the target and also exceeding the five-year average of 59.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 39 million yen (compared to a break even in the same period last year).

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 60 yen to 70 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 17.1% from the same period last year, reaching 369 million yen. The operating profit margin rose from 14.8% in the same period last year to 18.2%.

Kabutan News

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	4,703	395	473	343	262.3	63.2	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	5,520	670	740	498	381.7	100.0	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	4,352	447	549	375	287.4	107.6	Feb 6, 2025	J-GAAP
YoY	-21.2%	-33.3%	-25.8%	-24.7%	-24.7%

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	4,059	323	330	258	197.5	60	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	4,059	323	330	258	197.5	70	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	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	6,600	440	510	370	283.2	60	May 10, 2024	J-GAAP
Mar, 2025 New	6,600	440	510	370	283.2	70	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	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	4,057	258	315	199	152.4	60	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,059	323	330	258	197.5	70	Feb 6, 2025	J-GAAP
YoY	+0.0%	+25.2%	+4.8%	+29.6%	+29.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,059	650	749	578	442.3	45	May 11, 2023	J-GAAP
Mar, 2024	7,617	637	740	489	374.4	60	May 10, 2024	J-GAAP
Mar, 2025 Guidance	6,600	440	510	370	283.2	70	Feb 6, 2025	J-GAAP
YoY	-13.4%	-30.9%	-31.1%	-24.3%	-24.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,960	291	315	208	159.4	14.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	2,097	-33	0	-9	-6.9	-1.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,039	210	265	183	140.7	20.2	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	1,502	-93	-85	-71	-54.4	-6.2	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	1,811	330	369	263	201.5	18.2	Feb 6, 2025	J-GAAP
YoY	-7.6%	+13.4%	+17.1%	+26.4%	+26.4%