Iwatani Corporation TSE:8088
Iwatani : Supplementary Explanation for FY24
Source: MarketScreener
Financial Results for FY2024 (Results for the Fiscal Year Ended March 31, 2025)
(Forward-Looking Statements)
This material contains forward-looking statements based on expectations and are not guarantees or assurances of future performance. Accordingly, please be fully aware that results may differ materially from those expectations.
Copyright © Iwatani Corporation. All rights reserved.
May 21, 2025
Iwatani Corporation〔Security Code 8088〕
Contents
-
FY2024 Overview
-Highlights
-Consolidated Operating Results
-Consolidated Operating Results (Segment Analysis)
-Operating Profit Analysis of Each Segment
-Balance Sheet (Consolidated)
-
FY2025 Forecasts
-Forecasts for the Year ending March 31, 2026
-Forecasts of Each Segment
-
Progress of Medium-Term Management Plan: "PLAN27"
-Management Targets
(Management that is conscious of cost of capital and stock price)
-Capital Policies
-Progress of Priority Measures
- Capital and Business Alliance with Cosmo Energy Holdings Co., Ltd.
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FY2024 Overview
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Highlights
High import prices compared to the previous year and higher selling prices of LPG, as well as strong sales of
industry fields led to increase in net sales for all segments.
(FY2024 average CP in yen: 93,749 yen/t (CP: $612/t USD Exchange rate: ¥153.36/$) (FY2023 average CP in yen: 81,774 yen/t (CP: $569/t USD Exchange rate: ¥143.50/$)
Operating income in the Industrial Gases & Machinery business decreased primarily due to weakening of helium
market mainly in China.
Summary of Financial Results for FY2024
Net sales
883.0 billion yen
Operating profit
46.2 billion yen
YoY +35.1 billion yen +4.1%
YoY (4.4) billion yen (8.7)%
Due to the finalization of the amount of "negative goodwill" related to the additional acquisition of Cosmo Energy Holdings shares made in FY2023, the ordinary profit and profit attributable to owners of parent for FY2023 have decreased by 3.895 billion yen each from the amounts announced last year.
All data for FY2023 presented in this document reflect the above-mentioned information.
Operating profit quarterly trends (100 million yen)
173 187
191
109
85
84
60
77
1Q 2Q 3Q 4Q
1Q 2Q 3Q 4Q
Ordinary profit
61.4 billion yen YoY (0.8) billion yen (1.3)%
Profit attributable to owners of parent
40.4 billion yen
YoY (3.0) billion yen (6.9)%
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FY2023 FY2024 3
Consolidated Operating Results(100 million yen)
Operating
FY24
Results (A)
FY23
Results (B)
YoY (A)-(B)
/(B)
+351
+4.1%
+48
+2.1%
8,478
216
92
34
7
8,830
Gases & Energy Machinery
Net sales
8,830
8,478
Gross profit
2,343
2,294
(44)
FY24
Forecasts
9,020
-
Net sales
profit
Operating profit
462
506
527
(8.7)%
excluding impact of LPG import price fluctuation
Non-operating
460
498 (38)
(7.8)%
+35
527
FY23
Operating profit
Industrial
FY24
profit
Equity gains of affiliated companies related to Cosmo Energy HD
152
91
116
54
-
+30.7%
+36 159
+66.2%
506
Integrated Energy
(6)
Gases & Machinery
(41)
Materials
(5)
9
Others
462
Ordinary profit
Profit attributable to owners of parent
614
404
623 (8)
(1.3)%
434 (30)
(6.9)%
728
540
FY23
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FY24
4