Daicel Corporation Reports Mixed Financial Results for Q3 2024

The latest announcement is out from Daicel ( (JP:4202) ).

Daicel Corporation’s financial results for the nine months ended December 31, 2024, indicated a 4.4% increase in net sales compared to the previous year, reaching 432,545 million yen. However, the company faced a decrease in operating and ordinary profit by 2.8% and 7.0% respectively, with a slight drop in profit attributable to owners of the parent. Despite these challenges, Daicel’s net assets improved, reflecting a solid capital adequacy ratio of 44.0%. The company also plans to increase its annual dividend per share to 60 yen, up from 50 yen in the previous year, which signals confidence in its financial stability. This mixed performance suggests ongoing strategic adjustments to address profit margins and market dynamics, which could impact stakeholders and investors as Daicel navigates its fiscal year targets.

More about Daicel

Daicel Corporation operates within the chemical industry, focusing primarily on the production of cellulose acetate, organic chemicals, and other chemical-based products. The company is listed on the Tokyo Stock Exchange and plays a significant role in the global market for its advanced chemical solutions.

YTD Price Performance: -2.35%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.4B

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