Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Mitsubishi Chemical Holdings (JP:4188)
:4188
Holding JP:4188?
Track your performance easily
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
---
Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -7.34%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance with significant achievements in cost savings and strong performance in Industrial Gases and healthcare, contrasted by challenges in sales revenue, Specialty Materials, and Basic Materials segments. Despite some positive turns in specific areas like MMA, the overall business environment remains challenging.Company Guidance
In the earnings call for Mitsubishi Chemical Group Corporation, the guidance for the fiscal year ending March 31, 2024, highlighted several key metrics. The company maintained its full-year core operating income forecast at JPY 250 billion, despite a challenging business environment. Mitsubishi Chemical achieved a cost savings of JPY 54.2 billion in the first half, putting them on track to meet their year-end target of JPY 80 billion. Free cash flow improved significantly, reaching JPY 80.1 billion, compared to a negative JPY 24.5 billion the previous year. The net debt-to-equity ratio decreased from 1.33% to 1.22%, reflecting improved financial stability. Revenue for the first half was JPY 2.1499 trillion, a 5% decline year-on-year, while core operating income was JPY 119.6 billion, down by 2%. Special items were projected to improve to JPY 45 billion, contributing to an upward revision of operating income to JPY 295 billion. The company expects all business segments to deliver positive core operating income in the second half, with particular strength anticipated in industrial gases and health care, notably due to the successful performance of RADICAVA in North America.Strong Turnaround in Gas and Health Care Business
The gas and health care business delivered very good results through cost savings, pricing actions, and volume growth. RADICAVA sales in North America showed significant growth.
Cost Savings Achievements
Cost savings reached JPY 54.2 billion in the first half of the year, on track to achieve the JPY 80 billion target by year-end.
Free Cash Flow and Net DE Ratio Improvement
Free cash flow reached JPY 80.1 billion, and the net DE ratio decreased to 1.22%.
Industrial Gases Strong Performance
Industrial Gases revenue was up 7%, and income was up 48% year-on-year.
Positive Core Operating Income for MMA
MMA turned profitable in Q2 with a positive income of JPY 1.7 billion despite challenging market conditions.
---
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
---
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.
---
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.
---