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Bando Chemical, The Current Fiscal Year Net Income Revised Downward to an Unexpected 19% Decrease

Mon Feb 10, 2025 2:00 pm JST Earnings

5195 Bando Chemical Industries, Ltd. 【IFRS】

Earnings Report

Bando Chemical Industries, Ltd. <5195> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 10th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.0% from the same period last year to 4.24 billion yen.

In addition, the full-year consolidated net income has decreased 23.1%, from the previous forecast of 6.5 billion yen to 5 billion yen (compared to 6.18 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 19.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 46.8%, from the previous forecast of 3.2 billion yen to 1.7 billion yen (compared to 2.5 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 32.1% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 0.94 billion yen, a 28.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.0% in the same period last year to 3.2%.

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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 78,301 6,724 7,034 4,605 104.3 82.3 Feb 8, 2023 IFRS
Apr - Dec, 2023 80,700 6,915 7,422 4,992 114.9 85.5 Feb 9, 2024 IFRS
Apr - Dec, 2024 87,275 5,994 6,376 4,242 99.8 ー Feb 10, 2025 IFRS
YoY +8.1% -13.3% -14.1% -15.0% -13.2%

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 51,902 4,552 ー 3,203 76.7 38 Nov 8, 2024 IFRS
Oct - Mar, 2024 New 51,902 2,452 ー 1,703 40.8 38 Feb 10, 2025 IFRS
Revision Rate 0.0% -46.1% － -46.8% -46.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 110,000 9,600 ー 6,500 155.5 76 May 15, 2024 IFRS
Mar, 2025 New 110,000 7,500 ー 5,000 119.7 76 Feb 10, 2025 IFRS
Revision Rate 0.0% -21.9% － -23.1% -23.1%

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 54,351 3,257 3,268 2,509 57.9 38 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 51,902 2,452 ー 1,703 40.8 38 Feb 10, 2025 IFRS
YoY -4.5% -24.7% － -32.1% -29.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 103,608 8,259 8,542 5,722 130.0 52 May 15, 2023 IFRS
Mar, 2024 108,278 7,772 8,676 6,180 142.6 72 May 15, 2024 IFRS
Mar, 2025 Guidance 110,000 7,500 ー 5,000 119.7 76 Feb 10, 2025 IFRS
YoY +1.6% -3.5% － -19.1% -16.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 26,773 2,400 2,014 1,321 30.4 9.0 Feb 9, 2024 IFRS
Jan - Mar, 2024 27,578 857 1,254 1,188 27.4 3.1 May 15, 2024 IFRS
Apr - Jun, 2024 29,344 2,292 2,857 1,932 45.1 7.8 Aug 9, 2024 IFRS
Jul - Sep, 2024 28,754 2,756 1,668 1,365 32.0 9.6 Nov 8, 2024 IFRS
Oct - Dec, 2024 29,177 946 1,851 945 22.2 3.2 Feb 10, 2025 IFRS
YoY +9.0% -60.6% -8.1% -28.5% -26.9%

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