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KOEI CHEMICAL COMPANY,LIMITED, First Half Ordinary Profit Increases by 51%

Tue Oct 29, 2024 1:00 pm JST Earnings

4367 KOEI CHEMICAL COMPANY,LIMITED 【J-GAAP】

Earnings Report

KOEI CHEMICAL COMPANY,LIMITED <4367> [TSE-S] announced its financial results in the afternoon session on October 29th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 386 million yen, an increase of 51.4% compared to the same period last year. However, The progress rate against the 950 million yen full-year plan was 40.6%, also falling below the five-year average of 71.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to surge by 6.1 times that of the same period last year, reaching 564 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 126 times that of the same period last year, reaching 126 million yen. The operating profit margin drastically improved from 0.1% 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 9,006 984 1,016 757 154.9 118.8 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 8,325 279 255 173 35.5 73.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 9,523 656 499 324 66.3 52.5 Oct 29, 2024 J-GAAP
YoY +14.4% +135.1% +95.7% +87.3% +86.6%

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 9,300 400 370 230 47.0 50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 9,523 656 499 324 66.3 50 Oct 29, 2024 J-GAAP
Revision Rate +2.4% +64.0% +34.9% +40.9% +40.9%

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 11,102 136 92 126 25.8 50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,977 344 451 326 66.7 50 Oct 29, 2024 J-GAAP
YoY +7.9% +152.9% +390.2% +158.7% +158.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,601 832 855 690 141.2 100 May 12, 2023 J-GAAP
Mar, 2024 19,427 415 347 299 61.3 100 May 14, 2024 J-GAAP
Mar, 2025 Guidance 21,500 1,000 950 650 132.9 100 May 14, 2024 J-GAAP
YoY +10.7% +141.0% +173.8% +117.4% +116.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,656 3 1 10 2.1 0.1 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 4,735 44 -21 -7 -1.4 0.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 6,367 92 113 133 27.3 1.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,979 277 291 184 37.7 7.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 5,544 379 208 140 28.6 6.8 Oct 29, 2024 J-GAAP
YoY +19.1% +12,533.3% +20,700.0% +1,300.0% +1,296.6%

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