Carlit (4275) Q2 2025 earnings summary

Executive summary

• Net sales rose 2.1% year-over-year to ¥18,045 million for the six months ended September 30, 2024, driven by strong Chemical Products and Electronic materials sales.

• Operating profit declined 13.7% year-over-year to ¥1,194 million due to rising personnel expenses and delayed price adjustments.

• Profit attributable to owners of parent fell 18.9% year-over-year to ¥951 million; basic EPS was ¥40.36, down from ¥49.55.

• Comprehensive income decreased 17.7% year-over-year to ¥1,465 million.

Financial highlights

• Gross profit was ¥4,377 million, down from ¥4,548 million year-over-year.

• Ordinary profit dropped 11.6% year-over-year to ¥1,382 million.

• Total assets decreased to ¥54,067 million from ¥55,146 million at the previous fiscal year-end.

• Net assets increased to ¥37,450 million, with an equity-to-asset ratio of 69.3%.

• Cash and cash equivalents at period-end were ¥3,115 million, up ¥361 million from the previous year-end.

Outlook and guidance

• Full-year forecast (ending March 31, 2025): net sales ¥38,000 million (+3.9% YoY), operating profit ¥3,800 million (+13.4%), ordinary profit ¥4,000 million (+11.1%), profit attributable to owners of parent ¥2,800 million (+7.7%), basic EPS ¥118.42.

• No revisions to previously announced forecasts.

• Expect recovery in Explosives and Silicon wafers segments in the latter half; Electronic materials and Chemicals to remain solid.