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Mitsui Chemicals (MITUF)
:MITUF
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.61Last Year’s EPS
0.55Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -8.57%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted some positive aspects such as growth in the Mobility Solutions segment and improvements in terms of trade. However, these were overshadowed by significant declines in overall sales and profits, challenges in key segments such as Basic & Green Materials and ICT Solutions, and a downward revision of the full-year forecast.Company Guidance
During the third quarter earnings call for Mitsui Chemicals, CFO Nakajima detailed a challenging financial period marked by sluggish demand and declining raw material prices, leading to a year-on-year decrease in both sales and profits. Operating income before special items was revised downward from JPY 112.0 billion to JPY 93.0 billion, attributed to slower-than-expected demand recovery and lower cracker utilization rates. Net income forecast was also reduced to JPY 50.0 billion, factoring in business restructuring losses. Despite these setbacks, the annual dividend forecast remains at JPY 140 per share. In terms of business segments, Life & Healthcare Solutions saw a decrease in operating income to JPY 18.5 billion, while Mobility Solutions experienced a slight increase to JPY 41.0 billion. ICT Solutions faced a drop to JPY 18.1 billion, and Basic & Green Materials posted a negative JPY 3.9 billion. The financial outlook for FY 2023 expects sales revenue to decrease to JPY 1.741 trillion, with an anticipated operating income of JPY 93.0 billion. The exchange rate assumption is set at JPY 144 to the U.S. dollar, with domestic naphtha prices projected at JPY 71,900 per kiloliter in the second half. Despite these challenges, the company anticipates profit growth in the Mobility segment, driven by solar cell encapsulation materials and recovery in automobile production.Mobility Solutions Growth
Mobility Solutions reported an operating income before special items of JPY 41.0 billion, an increase of JPY 2.1 billion compared to the same period last year. This was driven by growth in solar cell encapsulation materials and the recovery in automotive applications. The terms of trade were also positive, reflecting exchange rate differences and a shift to high value-added products.
Improvement in Terms of Trade
Terms of trade improved by JPY 4.2 billion in Life & Healthcare Solutions, JPY 4.6 billion in Mobility Solutions, and JPY 4.4 billion in ICT Solutions due to price hikes, yen depreciation, and lower raw material prices.
Positive Free Cash Flow
For the full year 2023, cash flows from operating activities are expected to be positive JPY 130.0 billion, resulting in a positive free cash flow of JPY 24.0 billion.
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MITUF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MITUF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $23.46 | $23.44 | -0.09% |
| Aug 06, 2024 | $25.32 | $24.54 | -3.08% |
| May 15, 2024 | $28.47 | $30.38 | +6.71% |
| Feb 07, 2024 | $29.28 | $28.02 | -4.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mitsui Chemicals (MITUF) report earnings?
Mitsui Chemicals (MITUF) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Mitsui Chemicals (MITUF) earnings time?
Mitsui Chemicals (MITUF) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MITUF EPS forecast?
MITUF EPS forecast for the fiscal quarter 2025 (Q3) is 0.61.
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