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MANAC Chemical Partners Co.,Ltd, First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Loss Widens

Wed Nov 13, 2024 4:00 pm JST Earnings

4360 MANAC Chemical Partners Co.,Ltd 【J-GAAP】

Earnings Report

MANAC Chemical Partners Co.,Ltd <4360> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 195 million yen (compared to a profit of 35 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 485 million yen (compared to a loss of 46 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 139 million yen (compared to a loss of 93 million yen in the same period last year). The operating profit/loss margin worsened from -4.5% in the same period last year to -5.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 5,104 322 474 383 48.3 40.2 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 4,840 -12 35 61 7.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 4,494 -212 -195 -137 -17.1 Nov 13, 2024 J-GAAP
YoY -7.1% -1,666.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 7.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 4,494 -212 -195 -137 -17.1 7.50 Nov 13, 2024 J-GAAP
Revision Rate

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 4,846 -93 -45 21 2.6 7.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,896 402 485 347 42.8 7.50 Nov 13, 2024 J-GAAP
YoY +42.3% +1,552.4% +1,521.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,853 991 1,179 821 103.3 15 May 12, 2023 J-GAAP
Mar, 2024 9,686 -105 -10 82 10.3 15 May 10, 2024 J-GAAP
Mar, 2025 Guidance 11,390 190 290 210 25.9 15 May 10, 2024 J-GAAP
YoY +17.6% +156.1% +151.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,233 -101 -93 -55 -6.9 -4.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,097 -130 -105 -64 -8.5 -6.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,749 37 60 85 10.7 1.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,360 -96 -56 -41 -5.1 -4.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,134 -116 -139 -96 -12.0 -5.4 Nov 13, 2024 J-GAAP
YoY -4.4% -14.9% -49.5% -74.5% -72.2%

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