Shikoku Kasei (4099) Q3 2024 earnings summary

Executive summary

• Net sales rose 13.3% year-over-year to ¥52,999 million for the nine months ended September 30, 2024, with operating profit up 23.3% to ¥7,555 million and profit attributable to owners of parent up 3.7% to ¥6,764 million.

• Overseas sales grew significantly, accounting for 41.4% of consolidated net sales, driven by strong performance in Chemicals operations.

• Comprehensive income declined 16.5% year-over-year to ¥6,334 million, mainly due to negative valuation differences on securities.

Financial highlights

• Gross profit increased to ¥20,943 million from ¥17,726 million year-over-year.

• Basic earnings per share rose to ¥145.59 from ¥125.54 year-over-year.

• Extraordinary income included a ¥1,895 million gain on sale of investment securities.

• Dividend forecast for FY2024 is ¥50.00 per share, up from ¥28.00 in FY2023.

Outlook and guidance

• Full-year forecast for FY2024 remains unchanged: net sales ¥68,000 million, operating profit ¥8,200 million, profit attributable to owners of parent ¥7,900 million, and basic EPS ¥171.54.

• Assumptions include exchange rates of ¥150/USD and ¥160/EUR.