Resonac Holdings Cp U/Adr (SHWDY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening. I am Hideki Sumemiya, CFO of Resonac Holdings Corporation. I would like to express my sincere gratitude for your continued understanding and support of our company. Today, I will present an overview of the financial results for the first half of the fiscal year ending December 2025. Please refer to the second slide, Key Takeaways. There are two main points I would like to share with you today. The first is the improvement in core operating profit compared to the same period of last year. This was due to the semiconductor and electronic materials segment performing well this year, offsetting the underperformance of the chemicals segment. The second is the steady progress made against the forecast for FY 2025 announced on February 13. Consequently, the annual guidance is kept unchanged at this time. We will now proceed to the explanation of the results for the first half of FY 2025. Please turn to page 3. This slide shows the consolidated results for the first half compared to the same period last year. First, revenue for the sixth month was 642.1 billion yen, while the semiconductor and electronic material segment saw a significant increase in revenue compared to the last year, the mobility segment and the chemical segment saw declines in revenue, resulting in a decrease of 27.5 billion yen. Core OP was 34.6 billion yen, an increase of 1.4 billion yen. From last year, non-recurring items, one line below, caused a significant decrease in profit year-on-year, mainly due to business restructuring costs and the absence of the gain on sale of former head office building and land recorded last year. OP was 2 billion yen less than the core OP at 32.6 billion yen down 17.1 billion yen year-on-year due to the absence of the gain on the sale of the former head off...