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MUROMACHI CHEMICALS, First Half Ordinary Profit Increases by 55%

Tue Jan 14, 2025 4:00 pm JST Earnings

4885 MUROMACHI CHEMICALS INC. 【J-GAAP】

Earnings Report

MUROMACHI CHEMICALS INC. <4885> [TSE Std] announced its financial results after the market closed on January 14th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) expanded 171 million yen, an increase 55.5% compared to the same period last year. However, the progress rate toward the full-year plan of 430 million yen was 39.8%, also falling below the five-year average of 56.5%.

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 December to May period (2H) is expected to decrease 18.6% from the same period last year to 259 million yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit grew 12.1% from the same period last year, reaching 74 million yen. However, the operating profit margin remained almost flat, changing from 4.9% in the same period last year to 4.7%.

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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
Jun - Nov, 2022 3,121 225 207 149 39.9 59.1 Jan 13, 2023 J-GAAP
Jun - Nov, 2023 2,912 115 110 93 23.6 25.7 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 2,965 154 171 120 30.3 39.8 Jan 14, 2025 J-GAAP
YoY +1.8% +33.9% +55.5% +29.0% +28.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 3,000 150 170 120 30.0 0 Dec 17, 2024 J-GAAP
Jun - Nov, 2024 Results 2,965 154 171 120 30.3 0 Jan 14, 2025 J-GAAP
Revision Rate -1.2% +2.7% +0.6% 0.0% +1.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 3,457 306 318 237 59.9 22 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 3,735 296 259 180 45.0 25 Jan 14, 2025 J-GAAP
YoY +8.0% -3.3% -18.6% -24.1% -25.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 6,291 369 350 256 67.9 19 Jul 14, 2023 J-GAAP
May, 2024 6,369 421 428 330 83.4 22 Jul 12, 2024 J-GAAP
May, 2025 Guidance 6,700 450 430 300 74.9 25 Jul 12, 2024 J-GAAP
YoY +5.2% +6.9% +0.5% -9.1% -10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,396 69 66 71 18.0 4.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,543 137 135 97 24.6 8.9 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,914 169 183 140 35.4 8.8 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,541 87 97 69 17.4 5.6 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,424 67 74 51 12.9 4.7 Jan 14, 2025 J-GAAP
YoY +2.0% -2.9% +12.1% -28.2% -28.7%

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