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Showa Chemical, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 33%, Exceeds Full-Year Plan

Fri Feb 14, 2025 2:00 pm JST Earnings

4990 Showa Chemical Industry Co.,Ltd. 【J-GAAP】

Earnings Report

Showa Chemical Industry Co.,Ltd. <4990> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.4% from the same period last year to 435 million yen. The progress rate toward the full-year plan of 310 million yen is 140.3%, already exceeding the target and also exceeding the five-year average of 81.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 125 million yen (compared to a profit of 66 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 24.8% from the same period last year, reaching 186 million yen. However, the operating profit margin worsened from 5.2% in the same period last year to 4.5%.

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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 6,976 463 685 506 47.8 82.0 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 7,074 498 653 541 51.2 90.8 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 7,101 300 435 316 29.7 140.3 Feb 14, 2025 J-GAAP
YoY +0.4% -39.8% -33.4% -41.6% -41.9%

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 4,374 122 215 169 16.0 8 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,384 22 61 32 3.0 3 Nov 14, 2024 J-GAAP
YoY +0.2% -82.0% -71.6% -81.1% -81.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,225 600 835 616 58.2 9 May 15, 2023 J-GAAP
Mar, 2024 9,196 503 719 584 55.1 8 May 15, 2024 J-GAAP
Mar, 2025 Guidance 9,200 220 310 210 19.7 6 Nov 14, 2024 J-GAAP
YoY +0.0% -56.3% -56.9% -64.0% -64.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,252 117 149 126 11.9 5.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,122 5 66 43 4.1 0.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,423 88 165 113 10.7 3.6 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 2,393 110 84 65 6.1 4.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,285 102 186 138 13.0 4.5 Feb 14, 2025 J-GAAP
YoY +1.5% -12.8% +24.8% +9.5% +8.9%

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