Sumitomo Bakelite (4203) Q4 2025 earnings summary

Executive summary

• FY2024 revenue reached 304.8 billion yen, up 6.1% year-over-year, driven by overseas semiconductor and automotive demand recovery and yen depreciation.

• Business profit rose 12.3% to 30.8 billion yen due to efficiency improvements and higher sales prices, despite higher personnel costs.

• Operating profit fell 8.9% to 24.8 billion yen, impacted by impairment losses and restructuring costs, including 4.2 billion yen impairment and 1.1 billion yen relocation/disposal expenses.

• Profit attributable to owners of parent declined 11.7% to 19.3 billion yen, affected by a new dividend policy, higher corporate tax expenses, and one-time charges.

• Comprehensive income dropped sharply to 17.5 billion yen from 55.6 billion yen the prior year.

Financial highlights

• Revenue increased by 17.5 billion yen year-over-year, supported by higher sales volume, price increases, and favorable forex.

• Basic EPS was 208.91 yen, down from 233.66 yen year-over-year.

• Cash and cash equivalents at year-end were 103.5 billion yen, down 18.1 billion yen; operating cash flow increased to 43.7 billion yen.

• Total assets decreased to 417.8 billion yen; total equity fell to 293.6 billion yen.

• Equity attributable to owners of parent ratio improved to 69.6%.

Outlook and guidance

• FY2025 revenue forecast is 310.0 billion yen (+1.7%), with business profit expected at 32.5 billion yen (+5.4%).

• Operating profit is projected to rise 25% to 31.0 billion yen, and profit attributable to owners of parent to increase 21.9% to 23.5 billion yen.

• Dividend per share forecast for FY2025 is 105 yen, up 10 yen from FY2024, including a 70th anniversary commemorative dividend.