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Mitsubishi Chemical Holdings (JP:4188)
:4188
Holding JP:4188?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
22.41Last Year’s EPS
25.77Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -5.28%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance. Highlights included strong cost management and performance in industrial gases and healthcare. However, significant challenges were noted in specialty and basic materials, as well as ongoing struggles in the MMA and carbon businesses.Company Guidance
During the third quarter earnings call for Mitsubishi Chemical Group, several financial metrics were highlighted by the executives. The company's core operating income for the year-to-date reached JPY 183.9 billion, surpassing forecasts despite the challenging economic conditions in the chemical industry. Strong positive cash flow was reported at JPY 165.7 million, with cost reductions amounting to JPY 82 billion, exceeding the annual target of JPY 80 billion. The balance sheet showed continued improvement with a net debt-to-equity ratio of 1.2. Revenue declined by 5% year-on-year to JPY 3,245.1 billion, while core operating income saw a 3% year-on-year increase. Specialty Materials experienced a significant 69% drop in profit, while Industrial Gases and the Healthcare sector reported profit increases of 45% and 177%, respectively. The average exchange rate was JPY 143.8 to the dollar, and naphtha prices fell 15% year-on-year to JPY 67,900. The company maintained its full-year earnings forecast, emphasizing ongoing cost management and restructuring efforts.Strong Financial Performance Amid Industry Downturn
MCG delivered a better-than-forecast core operating income of JPY 183.9 billion, and a positive cash flow of JPY 165.7 million, despite the prolonged chemical industry downturn.
Cost Reductions Surpassed Annual Targets
Achieved JPY 82 billion in cost reductions, exceeding the full-year target of JPY 80 billion, contributing to securing profits.
Industrial Gases and Healthcare Performance
Industrial gases saw a sales increase of 6% and profits up by 45%. Healthcare sales rose 6% with a 177% profit increase due to RADICAVA sales in the U.S.
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JP:4188 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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JP:4188 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | ¥830.80 | ¥814.70 | -1.94% |
| Aug 01, 2024 | ¥879.13 | ¥905.87 | +3.04% |
| May 15, 2024 | ¥902.72 | ¥831.35 | -7.91% |
| Feb 06, 2024 | ¥862.37 | ¥837.44 | -2.89% |
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 Mitsubishi Chemical Holdings (JP:4188) report earnings?
Mitsubishi Chemical Holdings (JP:4188) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Mitsubishi Chemical Holdings (JP:4188) earnings time?
Mitsubishi Chemical Holdings (JP:4188) earnings time is at Feb 06, 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 the P/E ratio of Mitsubishi Chemical Holdings stock?
The P/E ratio of Mitsubishi Chemical Holdings is N/A.
What is JP:4188 EPS forecast?
JP:4188 EPS forecast for the fiscal quarter 2024 (Q3) is 22.41.
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