Sumitomo Seika Chemicals, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 17% Increase, Highest in Two Terms

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Fri Feb 7, 2025 2:00 pm JST Earnings

4008 Sumitomo Seika Chemicals Company,Limited. 【J-GAAP】

Earnings Report

Sumitomo Seika Chemicals Company,Limited. <4008> [TSE Prime] announced its financial results in the afternoon session on February 7th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 9.6 billion yen, an increase 49.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 20.0%, from the previous forecast of 10 billion yen to 12 billion yen (compared to 10.2 billion yen in the previous period), reaches new record high for the first time in two terms, turning to a 17.1% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 37.9%, from the previous forecast of 5.27 billion yen to 7.27 billion yen (compared to 6.01 billion yen in the same period of the previous year), turning to a 20.9% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 4.87 billion yen. The operating profit margin improved from 6.8% in the same period last year to 9.8%.

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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	108,796	9,941	10,139	7,932	588.0	92.8	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	107,243	6,328	6,435	4,025	298.8	62.8	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	112,662	8,689	9,603	6,903	520.4	80.0	Feb 7, 2025	J-GAAP
YoY	+5.1%	+37.3%	+49.2%	+71.5%	+74.2%

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	73,025	5,095	5,272	3,671	280.1	100	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	75,025	6,095	7,272	5,171	394.5	100	Feb 7, 2025	J-GAAP
Revision Rate	+2.7%	+19.6%	+37.9%	+40.9%	+40.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	147,000	10,000	10,000	7,000	534.1	200	May 13, 2024	J-GAAP
Mar, 2025 New	149,000	11,000	12,000	8,500	648.5	200	Feb 7, 2025	J-GAAP
Revision Rate	+1.4%	+10.0%	+20.0%	+21.4%	+21.4%

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	73,322	5,751	6,014	3,301	245.7	100	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	75,025	6,095	7,272	5,171	394.5	100	Feb 7, 2025	J-GAAP
YoY	+2.3%	+6.0%	+20.9%	+56.6%	+60.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	143,041	10,454	10,929	8,592	636.8	200	May 12, 2023	J-GAAP
Mar, 2024	142,986	9,529	10,247	6,166	459.0	200	May 13, 2024	J-GAAP
Mar, 2025 Guidance	149,000	11,000	12,000	8,500	648.5	200	Feb 7, 2025	J-GAAP
YoY	+4.2%	+15.4%	+17.1%	+37.9%	+41.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	37,579	2,550	2,202	1,160	86.1	6.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	35,743	3,201	3,812	2,141	159.4	9.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	36,896	2,911	3,553	2,521	189.6	7.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	37,079	1,994	1,175	808	60.8	5.4	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	38,687	3,784	4,875	3,574	269.4	9.8	Feb 7, 2025	J-GAAP
YoY	+2.9%	+48.4%	+121.4%	+208.1%	+212.9%