Shikoku Kasei (4099) Q4 2024 earnings summary

Executive summary

• Net sales reached ¥69,493 million, up 10.1% year-over-year, with record highs in net sales, operating profit, ordinary profit, and profit attributable to owners of parent driven by strong overseas Chemicals operations.

• Operating profit rose 21.5% to ¥9,741 million, ordinary profit increased 16.2% to ¥10,779 million, and profit attributable to owners of parent grew 12.2% to ¥8,813 million year-over-year.

• Overseas net sales accounted for 39.4% of consolidated net sales, up from 35.8% the previous year, reflecting robust international demand.

Financial highlights

• Gross profit increased to ¥27,670 million from ¥23,643 million year-over-year.

• Basic earnings per share rose to ¥191.38 from ¥152.12 year-over-year.

• Net assets decreased to ¥84,168 million from ¥86,867 million, while total assets increased to ¥135,827 million from ¥131,046 million.

• Equity ratio declined to 61.4% from 65.7% year-over-year.

Outlook and guidance

• For FY2025, net sales are forecast at ¥70,000 million (+0.7%), operating profit at ¥9,400 million (–3.5%), ordinary profit at ¥9,800 million (–9.1%), and profit attributable to owners of parent at ¥6,500 million (–26.2%).

• Annual dividend forecast for FY2025 is ¥50 per share, unchanged from FY2024.