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KUMIAI CHEMICAL INDUSTRY CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Decreases by 9%, Exceeds Full-Year Plan

Fri Sep 6, 2024 3:00 pm JST Earnings

4996 KUMIAI CHEMICAL INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

KUMIAI CHEMICAL INDUSTRY CO.,LTD. <4996> [TSE-P] announced its financial results after the market closed on September 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) decreased by 9.5% from the same period last year to 16.9 billion yen. However, The progress rate for full-year plan of 15.5 billion yen has already exceeded 109.3%, and has also exceeded the five-year average of 72.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the August to October period (4Q) is expected to turn into a loss of 1.44 billion yen (compared to a profit of 5.39 billion yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit decreased to 3.95 billion yen, a 24.1% decrease compared to the same period last year. However, the operating profit margin significantly improved from 4.1% in the same period last year to 8.4%.

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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
Nov - Jul, 2021 106,334 10,342 16,153 11,063 91.7 68.5 Sep 9, 2022 J-GAAP
Nov - Jul, 2022 130,395 14,109 18,717 14,480 120.4 77.6 Sep 8, 2023 J-GAAP
Nov - Jul, 2023 129,200 12,298 16,948 12,827 106.6 109.3 Sep 6, 2024 J-GAAP
YoY -0.9% -12.8% -9.5% -11.4% -11.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 65,557 1,423 10,613 7,778 64.7 27 Dec 14, 2023 J-GAAP
May - Oct, 2024 Guidance 66,900 1,170 2,510 2,678 22.3 20 Jun 7, 2024 J-GAAP
YoY +2.0% -17.8% -76.3% -65.6% -65.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 145,302 12,673 23,570 16,329 135.5 22 Dec 14, 2022 J-GAAP
Oct, 2023 161,002 14,089 24,115 18,024 149.9 45 Dec 14, 2023 J-GAAP
Oct, 2024 Guidance 155,000 10,000 15,500 12,000 99.7 30 Jun 7, 2024 J-GAAP
YoY -3.7% -29.0% -35.7% -33.4% -33.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 34,950 1,443 5,215 4,234 35.2 4.1 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 30,607 -20 5,398 3,544 29.5 -0.1 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 39,298 2,942 3,565 2,488 20.7 7.5 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 48,802 5,888 9,425 6,834 56.8 12.1 Jun 7, 2024 J-GAAP
May - Jul, 2024 41,100 3,468 3,958 3,505 29.1 8.4 Sep 6, 2024 J-GAAP
YoY +17.6% +140.3% -24.1% -17.2% -17.3%

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