Sugai Chemical Industry Co., Ltd.
Sugai Chemical Industry Co., Ltd. Q1 Financial Summary (Consolidated)
In the first quarter of this year, net sales were 923 million yen, down 28.9% YoY; operating loss was 46 million yen; quarterly net loss was 13 million yen. Export sales increased, but a drop in revenue from the main agricultural chemical intermediates and elevated raw material costs affected results. The full-year earnings guidance remains unchanged, but due to uncertainties such as Middle East tensions, further disclosures for the first half and full year are planned for release later.
Key Figures
- Net sales: 923 million yen (YoY 1,299 million yen)
- Operating loss: △46 million yen
- Quarterly net loss: △13 million yen
- Export sales: 126 million yen (YoY 34 million yen)
- Equity ratio: 70.4%
AI要約
Performance highlights
In the first quarter of this year, domestic sales declined significantly, with total company net sales of 923 million yen (vs. 1,299 million yen in the previous year quarter), a decrease of 28.9%. On the other hand, export sales increased, driven by expanded sales of pharmaceutical intermediates for Asia, raising the export ratio to 13.7% in the first quarter. As a result, ordinary income recovered to 9 million yen, but due to lower revenue from key agricultural chemical intermediates and elevated raw material costs, quarterly net income ended at a loss of 13 million yen. The full-year outlook remains unchanged, but due to uncertainties such as Middle East tensions, additional disclosures during the period will be provided later.
Financial position and outlook
Total assets stood at 12,394 million yen, equity at 8,725 million yen, and the equity ratio remained high at 70.4%. Liabilities decreased to 3,669 million yen aided by a reduction in borrowings. For the year ending March 2027, the earnings projection remains based on the assumptions at the time of the results announcement, but due to uncertainty in the Middle East situation, the outlook for the first half and the full year is difficult to forecast and will be disclosed at a later date.
Sugai Chemical Industry Co., Ltd.
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