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42032027 Q1PrimeIFRS

Sumitomo Bakelite (4203) FY2027 Q1 Earnings Report

For FY2027 Q1, revenue came to ¥95.2B (+22.6% year on year) and operating income ¥14.2B (+65.4%). The segment drivers and cash flow follow.

Raw Materials & Chemicals/Chemicals


Financial Highlights

  • Net Sales: ¥95.21B
  • Operating Income: ¥14.22B
  • Net Income: ¥11.09B
  • EPS: ¥124.61

Income Statement

ItemCurrentPriorYoY %
Net Sales¥95.21B¥77.67B+22.6%
Cost of Sales¥63.52B¥53.15B+19.5%
Gross Profit¥31.69B¥24.52B+29.3%
SG&A Expenses¥18.07B¥15.51B+16.5%
Operating Income¥14.22B¥8.60B+65.4%
Profit Before Tax¥15.41B¥9.63B+60.0%
Income Tax Expense¥4.33B¥2.12B+104.3%
Net Income¥11.09B¥7.52B+47.5%
Net Income Attributable to Owners¥10.93B¥7.45B+46.8%
Basic EPS¥124.61¥84.99+46.6%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥286.85B¥266.96B+¥19.88B
Accounts Receivable¥73.02B¥64.22B+¥8.80B
Inventories¥72.36B¥68.55B+¥3.80B
Non-current Assets¥216.63B¥217.21B−¥572M
Property, Plant & Equipment¥132.78B¥132.58B+¥205M
Goodwill¥3.23B¥3.22B+¥17M
Total Assets¥503.48B¥484.17B+¥19.31B
Accounts Payable¥65.19B¥60.01B+¥5.17B
Short-term Loans¥23.09B¥20.07B+¥3.02B
Non-current Liabilities¥44.07B¥42.49B+¥1.58B
Long-term Loans¥7.12B¥7.29B−¥173M
Total Liabilities¥140.68B¥133.52B+¥7.16B
Total Equity¥362.80B¥350.65B+¥12.15B
Capital Stock¥37.14B¥37.14B¥0
Capital Surplus¥35.21B¥35.14B+¥75M
Retained Earnings¥196.35B¥188.14B+¥8.21B
Treasury Stock−¥1.76B−¥1.76B−¥1M
Shareholders' Equity¥359.47B¥347.19B+¥12.28B
Equity Ratio71.4%71.7%−0.3%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥5.30B¥6.00B−¥702M
Investing Cash Flow¥1.36B−¥3.54B+¥4.90B
Financing Cash Flow−¥3.02B¥254M−¥3.28B
Cash and Cash Equivalents¥130.29B¥124.75B+¥5.54B
Free Cash Flow¥6.66B--

Profitability Ratios

ItemValue
Net Profit Margin11.5%
Gross Profit Margin33.3%
Debt-to-Equity Ratio0.39x
Effective Tax Rate28.1%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+22.6%
Operating Income YoY Change+65.4%
Profit Before Tax YoY Change+60.0%
Net Income YoY Change+47.5%
Net Income Attributable to Owners YoY Change+46.8%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)88.25M shares
Treasury Stock514K shares
Average Shares Outstanding87.74M shares
Book Value Per Share¥4,135.11

Segment Information

SegmentRevenueOperating Income
HighPerformancePlastics¥31.93B¥3.19B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥200M−¥10M
QualityOfLifeProducts¥28.87B¥3.79B
SemiconductorMaterials¥34.21B¥8.01B

Full Year Forecast

ItemForecast
Net Sales Forecast¥337.00B
Operating Income Forecast¥37.50B
Net Income Attributable to Owners Forecast¥28.50B
Basic EPS Forecast¥324.84
Dividend Per Share Forecast¥120.00