Sumitomo Bakelite (4203) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2024, rose 7.9% year-over-year to ¥153,134 million, with business profit up 23.7% to ¥15,824 million and profit attributable to owners of parent up 15.1% to ¥12,741 million.

• Basic earnings per share increased to ¥136.80 from ¥118.20 year-over-year, reflecting a two-for-one stock split effective April 1, 2024.

Financial highlights

• Operating profit for the period was ¥15,661 million, up 24.3% year-over-year; profit before tax reached ¥17,316 million, a 17.6% increase.

• Gross profit improved to ¥47,001 million from ¥41,511 million year-over-year.

• Total assets decreased to ¥428,876 million as of September 30, 2024, from ¥441,162 million at March 31, 2024.

• Net cash provided by operating activities increased to ¥24,526 million from ¥18,733 million year-over-year.

Outlook and guidance

• Full-year revenue forecast for FY2025 is ¥309,000 million, up 7.6% year-over-year, with business profit projected at ¥30,000 million and profit attributable to owners of parent at ¥24,000 million.

• Basic earnings per share for the year is forecast at ¥257.71, reflecting the stock split.

• Annual dividend forecast is ¥90.00 per share post-split.