Kuraray Full Year 2024 Earnings: Misses Expectations

Kuraray (TSE:3405) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥826.9b (up 5.9% from FY 2023).
• Net income: JP¥31.7b (down 25% from FY 2023).
• Profit margin: 3.8% (down from 5.4% in FY 2023).
• EPS: JP¥96.33 (down from JP¥127 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kuraray Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan.

Performance of the Japanese Chemicals industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Kuraray that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.