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HARIMA CHEMICALS, Oct-Dec (3Q) Ordinary Profit Decreases by 25%

Fri Jan 31, 2025 1:00 pm JST Earnings

4410 HARIMA CHEMICALS GROUP, INC. 【J-GAAP】

Earnings Report

HARIMA CHEMICALS GROUP, INC. <4410> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 7.7 times that of the same period last year, reaching 1.49 billion yen. However, the progress rate toward the full-year plan of 2.5 billion yen was 59.7%, also falling below the five-year average of 95.8%.

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/loss for the January to March period (4Q) is expected to turn into a profit of 1 billion yen (compared to a loss of 0.46 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.37 billion yen, a 24.7% decrease compared to the same period last year. However, the operating profit margin improved from 1.7% in the same period last year to 2.6%.

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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 71,820 2,477 3,413 1,984 79.7 134.3 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 69,606 -193 194 -108 -4.5 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 75,700 1,946 1,492 724 29.9 59.7 Jan 31, 2025 J-GAAP
YoY +8.8% +669.1%

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 47,058 396 29 -755 -31.2 21 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,860 1,748 1,383 955 39.4 21 Oct 31, 2024 J-GAAP
YoY +12.3% +341.4% +4,669.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 94,510 1,706 2,541 885 35.8 42 Apr 28, 2023 J-GAAP
Mar, 2024 92,330 -211 -275 -1,161 -48.0 42 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 102,000 3,000 2,500 1,550 63.9 42 Nov 7, 2024 J-GAAP
YoY +10.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 24,334 414 498 298 12.3 1.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 22,724 -18 -469 -1,053 -43.5 -0.1 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 23,807 481 479 365 15.1 2.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 25,333 771 638 230 9.5 3.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 26,560 694 375 129 5.3 2.6 Jan 31, 2025 J-GAAP
YoY +9.1% +67.6% -24.7% -56.7% -56.9%

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