KK Resonac Holdings

4004

Equity

ISIN JP3368000000 / Valor 763303

Tokyo Stock Exchange (2024-12-26)

JPY 4,099.00+0.32%

KK Resonac Holdings
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About company

KK Resonac Holdings leverages its expertise in inorganic, metal, and organic chemistry to deliver specialized products across diverse sectors such as energy, environment, information, and electronics. The company focuses on developing and supplying advanced materials and solutions tailored to meet the specific needs of these industries. By integrating its technological capabilities, Resonac aims to address complex challenges and drive innovation within its target markets.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

KK Resonac Holdings reported a significant increase in net sales for the first half of 2024, reaching 668.5 billion yen, up from 616.1 billion yen in the same period of 2023. This represents an increase of 52.4 billion yen, driven by higher sales volumes and improved market conditions.

Operating Income Surge

The company saw a remarkable turnaround in operating income, which rose to 28.0 billion yen in the first half of 2024 from a loss of 13.2 billion yen in the first half of 2023. This improvement of 41.1 billion yen was attributed to increased sales and better cost management.

Net Income Recovery

KK Resonac Holdings achieved a net income of 38.4 billion yen in the first half of 2024, a significant recovery from a net loss of 18.7 billion yen in the same period of the previous year. This positive change of 57.1 billion yen highlights the company's successful efforts in enhancing profitability.

EBITDA Improvement

The company's EBITDA more than doubled, reaching 83.8 billion yen in the first half of 2024, compared to 41.0 billion yen in the first half of 2023. The EBITDA margin also improved significantly, rising from 6.7% to 12.5%, reflecting better operational efficiency and higher earnings before interest, taxes, depreciation, and amortization.

Upward Revision of Full-Year Forecast

Based on the strong performance in the first half of 2024, KK Resonac Holdings has revised its full-year forecast upward. The company now expects increased sales and income for the entire year compared to 2023, indicating a positive outlook for continued growth and profitability.

Summarized from source with an LLMView Source

Key figures

43.7%1Y

65.0%3Y

35.5%5Y

Performance

48.5%1Y

38.4%3Y

37.8%5Y

Volatility