ISE Chemicals Full Year 2024 Earnings: Misses Expectations

ISE Chemicals (TSE:4107) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥33.3b (up 26% from FY 2023).
• Net income: JP¥5.07b (up 38% from FY 2023).
• Profit margin: 15% (up from 14% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥995 (up from JP¥720 in FY 2023).

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

ISE Chemicals Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 9.4%.

The primary driver behind last 12 months revenue was the Iodine and Natural Gas Business segment contributing a total revenue of JP¥28.1b (84% of total revenue). Notably, cost of sales worth JP¥23.2b amounted to 70% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling JP¥2.59b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 4107's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 2 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 7.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for ISE Chemicals you should be aware of.

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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.