Fuso Chemical Co., Ltd. TSE:4368
Fuso Chemical : Financial results briefing for the fiscal year ended March 31, 2024 (for Institutional Investors)
Source: MarketScreener
FY03/2024 Financial Results
For the year ended March 31, 2024
May 17, 2023
Prime Market（4368）
Tokyo Stock Exchange, Inc.
Table of Contents
- Financial Summary Results for FY03/2024
(period April 1, 2023 - March 31, 2024)
- Segments Results
Life Science
Electronic Materials & Functional Chemicals
- FY03/2025 Outlook
(period April 1, 2024 - March 31, 2025)
I. FY03/2024 Financial Summary
(period April 1, 2023 - March 31, 2024)
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 3 |
Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 （FY03/2024)
（unit：100 millions of yen） | FY03/2024 | vs FY03/2023 | Plan disclosed in May.2023 | Plan disclosed in Sep.2023 | ||||||||
FY03/2023 | YoY | YoY ratio | Plan | Change | vs budget | Plan | Change | vs budget | ||||
Net sales | 589.7 | 684.5 | △94.8 | △13.9% | 693.0 | △103.2 | △14.9% | 605.0 | △15.2 | △2.5% | ||
Operating profit | 110.8 | 189.3 | △78.4 | △41.4% | 138.0 | △27.1 | △19.7% | 109.5 | ＋1.3 | ＋1.2% | ||
Ordinary profit | 118.8 | 197.4 | △78.5 | △39.8% | 138.0 | △19.1 | △13.9% | 115.5 | ＋3.3 | ＋2.9% | ||
Profit | ||||||||||||
Profit | ||||||||||||
attributable to | 83.4 | 141.2 | △57.8 | △41.0% | 94.5 | △11.0 | △11.7% | 79.0 | ＋4.4 | ＋5.6% | ||
owners of parent | ||||||||||||
attributable to | ||||||||||||
owners of parent | ||||||||||||
EBITDA | 182.4 | 232.6 | △50.2 | △21.6% | 217.0 | △34.5 | △15.9% | 182.5 | ＋0.0 | △0.0% | ||
Earnings per | ¥236.7 | ¥400.9 | △¥164.2 | △41.0% | ¥268.1 | △¥31.4 | △11.7% | ¥224.1 | ¥12.5 | ＋5.6% | ||
share | ||||||||||||
Achieved plans of operating profit and profit attributable to owners of parent
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 4 |
Sales & Profit by segment versus previous year FY03/2023 | |||||||||
FY03/2024 | YoY | ||||||||
(unit:100 millions of yen) | FY03/2023 | change | Ratio | ||||||
▬Life Science | Net sales | 341.4 | 378.0 | △36.6 | △9.7% | ||||
Operating | 56.3 | 74.0 | △17.6 | △23.9% | |||||
profit | |||||||||
▬Electronic Materials | Net sales | 248.2 | 306.5 | △58.2 | △19.0% | ||||
& Functional Chemicals | Operating | 75.3 | 133.9 | △58.6 | △43.8% | ||||
profit | |||||||||
(Adjustment) | △20.8 | △18.6 | △2.1 | ー | |||||
Operating pfofit (consolidated) | 110.8 | 189.3 | △78.4 | △41.4% |
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 5 |
Net Sales by Segment
(unit:100 ｍillions of yen) | 3/'19 | 3/'20 | 3/'21 | 3/'22 | 3/'23 | 3/'24 |
Net Sales | 420 | 413 | 422 | 557 | 684 | 589 |
Life Science | 252 | 241 | 234 | 314 | 378 | 341 |
Electronic Materials & | 168 | 171 | 187 | 243 | 306 | 248 |
Functional Chemicals |
（unit：100 millions of yen） | FUSO VISION 2025 | 684 | ||||
700 | ||||||
589 | ||||||
600 | 557 | |||||
500 | 420 | 413 | 422 | 378 | 341 | |
400 | 314 | |||||
300 | 252 | 241 | 234 | |||
200 | 306 | 248 | ||||
100 | 168 | 171 | 187 | 243 | ||
0 | 3/'19 | 3/'20 | 3/'21 | 3/'22 | 3/'23 | 3/'24 |
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 6 |
Operating Profit by Segment
(unit:100 ｍillions of yen) | 3/'19 | 3/'20 | 3/'21 | 3/'22 | 3/'23 | 3/'24 | |
Operating Profit | 92 | 88 | 96 | 150 | 189 | 110 | |
Life Science | 35 | 43 | 33 | 49 | 74 | 56 | |
Electronic Materials & | 69 | 57 | 76 | 116 | 133 | 75 | |
Functional Chemicals | |||||||
(Adjustment) | △ 11 | △ 12 | △ 13 | △ 15 | △ 18 | △ 20 |
230 （unit: 100 millions of yen) | 189 |
180 | 150 | 74 | ||||
110 | ||||||
130 | 92 | 96 | 49 | |||
88 | ||||||
80 | 35 | 43 | 33 | 56 | ||
133 | ||||||
116 | ||||||
69 | 76 | 75 | ||||
30 | 57 | |||||
△ 20 | △ 11 | △ 12 | △ 13 | △ 15 | △ 18 | △ 20 |
3/'19 | 3/'20 | 3/'21 | 3/'22 | 3/'23 | 3/'24 | |
60% | Profit ratio | ||||
50% | 47.7% | 43.7% | |||
41.3% | 40.7% | ||||
40% | 33.4% | 30.3% | |||
30% | |||||
20% | 17.9% | 15.7% | 19.6% | 16.5% | |
13.9% | 14.1% | ||||
10% | Electronic Materials & Functional | ||||
Chemicals |
Life Science
0%
3/'19 3/'20 3/'21 3/'22 3/'23 3/'24
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 7 |
Net Profit Analysis FY03/2023 versus FY03/2024
（unit：100 millions of yen）
3/'23 | CGS | selling, | ||
net sales | general and | non‐operating | extraordinary | |
net profit | depreciation | administrative | profit or loss | profit or loss |
exc. depreciation | expenses |
income | 3/'24 |
taxes | net profit |
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 8 |
Overseas Sales Growth
Net sales | Japan | 50.3% | |
Misc. | |||
700 (unit:100 millions yen) | |||
North America
Asia | 47.0% | 47.0% |
ratio of overseas sales |
600 | 41.8% | 43.6% | ||||
40.5% | ||||||
500 | 340.5 | |||||
400 | 295.5 | 312.7 | ||||
16.4 | ||||||
300 | 250.5 | 240.3 | 238.2 | 11.2 | 114.3 | 6.6 |
200 | 101.1 | 99.9 | ||||
1.2 | 2.1 | 3.6 | ||||
69 | ||||||
75.6 | 74.4 | 213.2 | ||||
100 | 170.3 | |||||
149.6 | ||||||
96.1 | 111.1 | |||||
93.2 | ||||||
0 | ||||||
3/'19 | 3/'20 | 3/'21 | 3/'22 | 3/'23 | 3/'24 | |
(ratio)
50%
40%
30%
20%
10%
0%
Misc. 1.0%
North America
17.0%
FY03/2024
Asia
29.0%
Misc. 0.3%
North America
18.0%
FY03/2019
Asia22.2%
Japan
53.0%
Japan
59.5%
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 9 |
Assets, Liabilities and Net Assets
Assets | （unit：100millions of yen） | |
1,600 | Current assets | |
1,400 | Non-current | ||
1,200 | assets | ＋127.8 | |
1,000 | 681.3 | ||
800 | 553.4 | ||
600 | ＋74.2 | ||
400 | 656.0 | ||
581.8 | |||
200 | |||
0 | 3/'23 | 3/'24 | |
Liabilities/Net Asset | （unit：100millions of yen） |
1,600
Current liabilities
1,400 Non-current liabilities
1,200 | Net assets | △74.5 | 164.5 |
1,000 | 239.0 | ＋201.4 | 222.5 |
800 | 21.1 | ＋75.2 | |
600 | |||
400 | 875.0 | 950.2 | |
200 | |||
0 | 3/'23 | 3/'24 | |
Copyright©2024 Fuso Chemical Co.,Ltd. All Rights Reserved. | 10 |