Sumitomo Bakelite (4203) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024 rose 7.3% year-over-year to ¥231,091 million, with business profit up 15.8% to ¥23,912 million.

• Operating profit declined 11.2% year-over-year to ¥18,234 million, and profit attributable to owners of parent fell 28.7% to ¥12,855 million.

• Comprehensive income attributable to owners of parent was ¥22,417 million, down from ¥32,356 million in the prior year period.

Financial highlights

• Gross profit increased to ¥70,894 million from ¥64,000 million year-over-year.

• Basic earnings per share for the nine months was ¥138.02, down from ¥192.78 year-over-year (adjusted for stock split).

• Total assets as of December 31, 2024 were ¥449,795 million, with equity attributable to owners of parent at ¥315,730 million (70.2% ratio).

• Net cash provided by operating activities was ¥30,816 million, up from ¥26,945 million year-over-year.

Outlook and guidance

• Full-year revenue forecast remains at ¥309,000 million, with business profit revised up to ¥30,500 million.

• Profit attributable to owners of parent revised down to ¥17,500 million due to impairment losses and other one-time expenses.

• Basic earnings per share forecast for the year is ¥187.89, reflecting the impact of the stock split.