KK Nippon Shokubai

Latest Results (07.08.2024):

Revenue Increase

KK Nippon Shokubai has revised its revenue forecast for the first half of the fiscal year ending March 31, 2025. The company now expects revenue to reach 210,000 million yen, an increase of 15,000 million yen from the previous forecast announced on May 13, 2024. This adjustment is attributed to higher sales prices driven by rising raw material costs and yen depreciation, as well as increased sales volumes.

Operating Profit Growth

The operating profit forecast for KK Nippon Shokubai in the first half of the fiscal year ending March 31, 2025, has been revised upward to 9,000 million yen. This represents an increase of 3,000 million yen from the previous forecast. The improvement is mainly due to higher export sales prices resulting from yen depreciation and increased volumes of acrylic acids and acrylates.

Profit Before Tax

KK Nippon Shokubai has updated its profit before tax forecast for the first half of the fiscal year ending March 31, 2025, to 11,000 million yen. This is an increase of 4,500 million yen compared to the previous forecast. The rise is attributed to the increase in operating profit and a higher share of profit from investments accounted for using the equity method.

Profit Attributable to Owners

The profit attributable to owners of KK Nippon Shokubai for the first half of the fiscal year ending March 31, 2025, is now expected to be 8,000 million yen. This marks an increase of 4,500 million yen from the previous forecast. The upward revision is due to the factors contributing to higher operating profit and profit before tax.

Dividend Forecasts

KK Nippon Shokubai has maintained its dividend forecast for the fiscal year ending March 31, 2025. The company plans to distribute 35 yen per share for both the interim and year-end dividends. However, the company will monitor the full-year operating results and may revise the dividend forecasts accordingly, in line with its shareholder return policy.