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Resonac Holdings Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 21%

Tue Nov 12, 2024 3:30 pm JST Earnings

4004 Resonac Holdings Corporation 【J-GAAP】

Earnings Report

Resonac Holdings Corporation <4004> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 46.4 billion yen (compared to a loss of 7.15 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 20.6%, from the previous forecast of 51 billion yen to 61.5 billion yen (compared to a loss of 14.7 billion yen in the previous period). However, the full-year consolidated net income has downwardly by 7.2%, from the previous forecast of 34.5 billion yen to 32 billion yen (compared to a loss of 18.9 billion yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 51.2%, from the previous forecast of 20.5 billion yen to 31 billion yen (compared to a loss of 3.41 billion yen in the same period of the previous year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 3.8 times that of the same period last year, reaching 16 billion yen. The operating profit margin drastically improved from 2.7% in the same period last year to 8.6%.

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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
Jan - Sep, 2022 1,034,152 54,748 65,328 36,678 202.5 105.9 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 942,307 -4,309 -7,150 -6,367 -35.2 ー Nov 9, 2023 J-GAAP
Jan - Sep, 2024 1,027,549 58,885 46,499 50,770 280.8 75.6 Nov 12, 2024 J-GAAP
YoY +9.0% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 722,457 11,304 -3,603 -10,759 -59.5 65 Aug 8, 2024 J-GAAP
Jul - Dec, 2024 New 712,457 27,804 6,897 -13,259 -73.4 65 Nov 12, 2024 J-GAAP
Revision Rate -1.4% +146.0% － -23.2% -23.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 1,392,000 61,000 51,000 34,500 190.9 65 Aug 8, 2024 J-GAAP
Dec, 2024 New 1,382,000 77,500 61,500 32,000 177.1 65 Nov 12, 2024 J-GAAP
Revision Rate -0.7% +27.0% +20.6% -7.2% -7.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 672,743 9,401 -3,416 862 4.8 65 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 712,457 27,804 6,897 -13,259 -73.4 65 Nov 12, 2024 J-GAAP
YoY +5.9% +195.8% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,392,621 61,726 61,711 32,422 179.0 65 Feb 14, 2023 J-GAAP
Dec, 2023 1,288,869 -3,764 -14,773 -18,955 -104.7 65 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 1,382,000 77,500 61,500 32,000 177.1 65 Nov 12, 2024 J-GAAP
YoY +7.2% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 326,181 8,856 4,207 13,450 74.3 2.7 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 346,562 545 -7,623 -12,588 -69.5 0.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 322,234 28,542 31,252 28,571 157.9 8.9 May 15, 2024 IFRS
Apr - Jun, 2024 347,309 21,154 23,351 16,688 92.3 6.1 Aug 8, 2024 IFRS
Jul - Sep, 2024 359,002 30,911 16,014 12,325 68.2 8.6 Nov 12, 2024 J-GAAP
YoY +10.1% +249.0% +280.7% -8.4% -8.2%

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