Osaka Soda Co (4046) Q1 2025 earnings summary

Executive summary

• Net sales rose 4.0% year-over-year to ¥24,114 million for the three months ended June 30, 2024, with operating profit up 17.9% to ¥3,309 million and profit attributable to owners of parent up 15.9% to ¥2,785 million.

• Growth was driven by recovery in automobile production, increased demand for pharmaceutical purification materials, and resolution of prior manufacturing issues in basic chemicals.

• The company continues to implement its medium-term management plan, focusing on strengthening existing businesses, new product development, and sustainability.

Financial highlights

• Ordinary profit increased 16.0% year-over-year to ¥4,065 million.

• Gross profit improved to ¥7,007 million from ¥6,237 million a year earlier.

• Basic earnings per share rose to ¥109.78 from ¥94.50 year-over-year.

• Comprehensive income declined 16.4% year-over-year to ¥3,799 million.

Outlook and guidance

• Full-year net sales forecast is ¥103,000 million, up 8.9% year-over-year, with operating profit projected at ¥16,000 million (+52.5%) and profit attributable to owners of parent at ¥11,500 million (+50.3%).

• No changes to previously announced forecasts; any future revisions will be disclosed as appropriate.

• A 5-for-1 stock split is scheduled for October 1, 2024.