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Sekisui Plastics, Oct-Dec (3Q) Ordinary Profit Turns to Profit

Fri Jan 31, 2025 3:30 pm JST Earnings

4228 Sekisui Kasei Co.,Ltd. 【J-GAAP】

Earnings Report

Sekisui Plastics Co.,Ltd. <4228> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 59.0% from the same period last year to 315 million yen. The progress rate toward the full-year plan of 700 million yen was 45.0%, almost the same as the five-year average of 48.0%.

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 for the January to March period (4Q) is expected to significant drop 80.4% from the same period last year to 385 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 693 million yen (compared to a loss of 400 million yen in the same period last year). The operating profit margin remained almost flat, changing from 0.5% in the same period last year to 0.6%.

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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
Apr - Dec, 2022 93,089 161 239 -245 -5.4 33.9 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 97,592 492 768 -244 -5.4 28.1 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 103,967 291 315 25 0.6 45.0 Jan 31, 2025 J-GAAP
YoY +6.5% -40.9% -59.0% － －

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 65,269 923 1,565 624 13.8 10 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 64,939 922 1,078 771 17.0 10 Oct 31, 2024 J-GAAP
YoY -0.5% -0.1% -31.1% +23.6% +23.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 124,683 793 704 452 10.0 12 Apr 28, 2023 J-GAAP
Mar, 2024 130,265 1,261 2,733 1,083 23.9 13 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 134,000 1,000 700 400 8.8 13 Oct 29, 2024 J-GAAP
YoY +2.9% -20.7% -74.4% -63.1% -63.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 32,596 154 -400 -703 -15.6 0.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 32,673 769 1,965 1,327 29.3 2.4 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 33,792 -220 517 124 2.8 -0.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 35,269 298 -895 -495 -10.9 0.8 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 34,906 213 693 396 8.9 0.6 Jan 31, 2025 J-GAAP
YoY +7.1% +38.3% － － －

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