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Sumitomo Chemical Co Ltd (SOMMF)
OTHER OTC:SOMMF
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.09Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -19.70%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted significant financial challenges with large losses projected and dividend cuts, amid some positive cash generation efforts and business line recoveries excluding key loss-makers.Company Guidance
During the earnings call for Sumitomo Chemical's fiscal 2023 third quarter, President Keiichi Iwata provided guidance reflecting a challenging financial landscape. The company revised its full-year forecast downward, projecting a net loss of JPY 245 billion, marking a significant crisis since its inception. Core operating income was forecasted at negative JPY 145 billion, with nonrecurring items projected at negative JPY 140 billion, primarily due to valuation losses. Despite these difficulties, the company has secured JPY 350 billion in cash over the past three months, aiming for JPY 500 billion by the end of fiscal 2024 through inventory reduction and more selective investments. The management also revised the year-end dividend forecast from JPY 6 to JPY 3 per share, a reduction from the previously planned JPY 12 annual dividend. Efforts to address these challenges include structural reforms and cash generation strategies, with a focus on immediate-term measures to achieve a V-shaped recovery in fiscal 2024.Cash Generation Progress
Secured JPY 350 billion of cash in the past 3 months towards a goal of JPY 500 billion by the end of fiscal year 2024.
Positive Trajectory Excluding Key Loss-Makers
Quarterly recovery of core operating income excluding Petro Rabigh and Sumitomo Pharma, with IT-related Chemicals and Health & Crop Sciences contributing to the steady recovery.
Progress in Inventory Reduction
Inventory level reduction target of JPY 110 billion by March 2024, with efforts on track.
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SOMMF Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Jul 31, 2018 | 2018 (Q1) | 0.174 | -3.45% (>-0.01) | ― | ― | ||
| Oct 31, 2018 | 2018 (Q2) | 0.204 | -15.20% (-0.03) | ― | ― | ||
| Feb 01, 2019 | 2018 (Q3) | 0.217 | -31.34% (-0.07) | ― | ― | ||
| May 15, 2019 | 2018 (Q4) | ― | ― | ― | ― | ||
| Jul 31, 2019 | 2019 (Q1) | 0.168 | -51.79% (-0.09) | ― | ― | ||
| Oct 30, 2019 | 2019 (Q2) | 0.173 | -50.29% (-0.09) | ― | ― | ||
| Jan 31, 2020 | 2019 (Q3) | 0.149 | -70.47% (-0.10) | ― | ― | ||
| May 15, 2020 | 2019 (Q4) | 0.161 | -122.98% (-0.20) | ― | ― | ||
| Aug 04, 2020 | 2020 (Q1) | 0.057 | -146.46% (-0.08) | ― | ― | ||
| Oct 30, 2020 | 2020 (Q2) | 0.06 | -62.72% (-0.04) | ― | ― |
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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SOMMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $2.69 | $2.68 | -0.37% |
| Aug 02, 2024 | $2.49 | $2.46 | -1.20% |
| May 15, 2024 | $2.26 | $2.15 | -4.87% |
| Feb 02, 2024 | $2.21 | $2.10 | -4.98% |
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 Sumitomo Chemical Co Ltd (SOMMF) report earnings?
Sumitomo Chemical Co Ltd (SOMMF) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Sumitomo Chemical Co Ltd (SOMMF) earnings time?
Sumitomo Chemical Co Ltd (SOMMF) earnings time is at Feb 03, 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 SOMMF EPS forecast?
SOMMF EPS forecast for the fiscal quarter 2024 (Q3) is 0.09.
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