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

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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%