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MANAC Chemical, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Thu Feb 13, 2025 4:00 pm JST Earnings

4360 MANAC Chemical Partners Co.,Ltd 【J-GAAP】

Earnings Report

MANAC Chemical Partners Co.,Ltd <4360> [TSE Std] announced its financial results after the market closed on February 13th (16:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 116 million yen (compared to a loss of 70 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 290 million yen to a loss of 120 million yen (compared to a loss of 11 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 84.5%, from the previous forecast of 485 million yen to 75 million yen (compared to a loss of 46 million yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 79 million yen (compared to a loss of 105 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.2% in the same period last year to 1.1%.

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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 8,657 819 991 809 101.9 84.1 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 6,937 -142 -70 -3 -0.4 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 7,063 -184 -116 -77 -9.5 ー Feb 13, 2025 J-GAAP
YoY +1.8% -29.6% -65.7% -2,466.7% -2,285.0%

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 6,896 402 485 347 42.8 7.50 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 4,996 32 75 67 8.3 7.50 Feb 13, 2025 J-GAAP
Revision Rate -27.6% -92.0% -84.5% -80.7% -80.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 11,390 190 290 210 25.9 15 May 10, 2024 J-GAAP
Mar, 2025 New 9,490 -180 -120 -70 -8.6 15 Feb 13, 2025 J-GAAP
Revision Rate -16.7% － － － －

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 4,846 -93 -45 21 2.6 7.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,996 32 75 67 8.3 7.50 Feb 13, 2025 J-GAAP
YoY +3.1% － － +219.0% +213.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,853 991 1,179 821 103.3 15 May 12, 2023 J-GAAP
Mar, 2024 9,686 -105 -10 82 10.3 15 May 10, 2024 J-GAAP
Mar, 2025 Guidance 9,490 -180 -120 -70 -8.6 15 Feb 13, 2025 J-GAAP
YoY -2.0% -71.4% -1,100.0% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,097 -130 -105 -64 -8.5 -6.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,749 37 60 85 10.7 1.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,360 -96 -56 -41 -5.1 -4.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,134 -116 -139 -96 -12.0 -5.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,569 28 79 60 7.4 1.1 Feb 13, 2025 J-GAAP
YoY +22.5% － － － －

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