SOMAR Corporation (8152) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2024, rose 16.5% year-over-year to ¥15,177 million, with operating profit up 83.8% to ¥1,371 million and net profit attributable to shareholders up 171.4% to ¥1,202 million, driven by strong overseas sales in high-performance resins and robust smartphone coating product demand.

• The company benefited from a one-time gain of ¥183 million from the sale of investment securities and a favorable comparison to the prior year, which included a ¥320 million loss from retirement benefit plan changes.

Financial highlights

• Gross profit increased to ¥3,352 million from ¥2,530 million year-over-year, with gross margin improving.

• Operating profit margin rose to 9.0% from 5.7% year-over-year.

• Comprehensive income for the period was ¥1,715 million, up 41.6% year-over-year.

• Cash and cash equivalents at period-end increased by ¥1,018 million to ¥7,361 million.

Outlook and guidance

• Full-year revenue forecast revised to ¥31,000 million (up 16.3% year-over-year), with operating profit expected at ¥2,400 million (up 33.5%) and net profit at ¥2,000 million (up 45.9%).

• Annual dividend forecast maintained at ¥70 per share.