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Soken Chemical & Engineering Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 51%, Adds to Record High Profit Forecast

Tue Nov 5, 2024 3:30 pm JST Earnings

4972 Soken Chemical & Engineering Co.,Ltd. 【J-GAAP】

Earnings Report

Soken Chemical & Engineering Co.,Ltd. <4972> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.0 times that of the same period last year, reaching 3.63 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 51.2%, from the previous forecast of 4.1 billion yen to 6.2 billion yen (compared to 3.9 billion yen in the previous period), increasing the growth rate from 4.9% to 58.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 20.5% from the same period last year, reaching 2.56 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 67.8% from the same period last year, reaching 1.81 billion yen. The operating profit margin drastically improved from 10.0% in the same period last year to 16.2%.

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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 19,454 1,087 1,452 1,080 65.4 66.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 19,254 1,670 1,777 1,374 83.1 45.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 24,330 3,792 3,631 2,804 169.3 58.6 Nov 5, 2024 J-GAAP
YoY +26.4% +127.1% +104.3% +104.1% +103.7%

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 25,000 3,850 3,900 3,000 180.9 0 Aug 5, 2024 J-GAAP
Apr - Sep, 2024 Results 24,330 3,792 3,631 2,804 169.3 0 Nov 5, 2024 J-GAAP
Revision Rate -2.7% -1.5% -6.9% -6.5% -6.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 46,000 4,300 4,100 2,700 162.9 47.50 May 15, 2024 J-GAAP
Mar, 2025 New 47,500 6,500 6,200 4,100 247.3 47.50 Nov 5, 2024 J-GAAP
Revision Rate +3.3% +51.2% +51.2% +51.9% +51.9%

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 22,064 2,158 2,132 1,255 75.8 47.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,170 2,708 2,569 1,296 78.2 47.50 Nov 5, 2024 J-GAAP
YoY +5.0% +25.5% +20.5% +3.3% +3.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,129 2,034 2,169 1,436 87.0 42.50 May 15, 2023 J-GAAP
Mar, 2024 41,318 3,828 3,909 2,629 158.9 47.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 47,500 6,500 6,200 4,100 247.3 47.50 Nov 5, 2024 J-GAAP
YoY +15.0% +69.8% +58.6% +56.0% +55.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,208 1,020 1,082 826 50.0 10.0 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 11,757 1,463 1,349 988 59.7 12.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 10,307 695 783 267 16.1 6.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 11,657 1,737 1,815 1,455 87.9 14.9 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 12,673 2,055 1,816 1,349 81.4 16.2 Nov 5, 2024 J-GAAP
YoY +24.1% +101.5% +67.8% +63.3% +63.0%

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