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TOHOKU CHEMICAL, First Half Ordinary Profit Increases by 18%
7446 TOHOKU CHEMICAL Co.,LTD. 【J-GAAP】
Earnings ReportTOHOKU CHEMICAL Co.,LTD. <7446> [TSE Std] announced its financial results after the market closed on May 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 17.6% from the same period last year, reaching 354 million yen, exceeded the previous forecast of 305 million yen.
The progress rate toward the full-year plan of 490 million yen was 72.2%, also surpassing the five-year average of 60.2%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to grow 28.3% from the same period last year, reaching 136 million yen.
In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit decreased to 215 million yen, a 4.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.6% in the same period last year to 2.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2022 | 18,445 | 532 | 552 | 366 | 407.2 | 68.3 | May 2, 2023 | J-GAAP |
| Oct - Mar, 2023 | 16,617 | 276 | 301 | 210 | 233.9 | 74.0 | May 1, 2024 | J-GAAP |
| Oct - Mar, 2024 | 17,806 | 325 | 354 | 268 | 298.4 | 72.2 | May 1, 2025 | J-GAAP |
| YoY | +7.2% | +17.8% | +17.6% | +27.6% | +27.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 Guidance | 16,900 | 270 | 305 | 190 | 210.9 | 0 | Nov 14, 2024 | J-GAAP |
| Oct - Mar, 2024 Results | 17,806 | 325 | 354 | 268 | 298.4 | 0 | May 1, 2025 | J-GAAP |
| Revision Rate | +5.4% | +20.4% | +16.1% | +41.1% | +41.5% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 | 15,538 | 77 | 106 | 27 | 30.0 | 105 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 Guidance | 15,894 | 95 | 136 | 42 | 46.6 | 100 | May 1, 2025 | J-GAAP |
| YoY | +2.3% | +23.4% | +28.3% | +55.6% | +55.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2023 | 35,094 | 750 | 808 | 556 | 617.3 | 105 | Nov 13, 2023 | J-GAAP |
| Sep, 2024 | 32,155 | 353 | 407 | 237 | 263.5 | 105 | Nov 14, 2024 | J-GAAP |
| Sep, 2025 Guidance | 33,700 | 420 | 490 | 310 | 344.1 | 100 | Nov 14, 2024 | J-GAAP |
| YoY | +4.8% | +19.0% | +20.4% | +30.8% | +30.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2024 | 8,287 | 219 | 224 | 157 | 174.8 | 2.6 | May 1, 2024 | J-GAAP |
| Apr - Jun, 2024 | 7,743 | -22 | 2 | -12 | -13.4 | -0.3 | Aug 1, 2024 | J-GAAP |
| Jul - Sep, 2024 | 7,795 | 99 | 104 | 39 | 43.4 | 1.3 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 8,958 | 115 | 139 | 90 | 100.5 | 1.3 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 8,848 | 210 | 215 | 178 | 198.2 | 2.4 | May 1, 2025 | J-GAAP |
| YoY | +6.8% | -4.1% | -4.0% | +13.4% | +13.4% |
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