FUJI CORPORATION, Third Quarter Cumulative (November-July) Ordinary Profit Decreases by 8%, 3Q (May-July) Ordinary Profit Decreases by 8%

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Thu Sep 5, 2024 3:00 pm JST Earnings

7605 FUJI CORPORATION 【J-GAAP】

Earnings Report

FUJI CORPORATION <7605> [TSE-P] announced its financial results after the market closed on September 5th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) decreased by 8.4% from the same period last year to 4.5 billion yen. This progress accounts for 76.9% of the full-year plan of 5.85 billion yen, below the five-year average of 81.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to October period (4Q) is expected to expand by 57.9% from the same period last year, reaching 1.35 billion yen.

In the most recent three-month period, from May to July (3Q), the ordinary profit decreased to 678 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin worsened from 8.3% in the same period last year to 8.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2021	32,208	3,987	4,197	2,865	141.6	78.0	Sep 5, 2022	J-GAAP
Nov - Jul, 2022	34,770	4,732	4,915	3,410	174.5	85.2	Sep 5, 2023	J-GAAP
Nov - Jul, 2023	35,534	4,374	4,500	3,265	173.8	76.9	Sep 5, 2024	J-GAAP
YoY	+2.2%	-7.6%	-8.4%	-4.3%	-0.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	18,504	1,477	1,591	1,088	56.0	17.50	Dec 15, 2023	J-GAAP
May - Oct, 2024 Guidance	18,240	1,885	2,028	1,250	69.1	20	Jun 5, 2024	J-GAAP
YoY	-1.4%	+27.6%	+27.5%	+14.9%	+23.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	43,080	5,055	5,379	3,691	184.0	25	Dec 15, 2022	J-GAAP
Oct, 2023	45,091	5,529	5,770	3,985	205.2	30	Dec 15, 2023	J-GAAP
Oct, 2024 Guidance	45,500	5,600	5,850	4,050	223.9	40	Dec 15, 2023	J-GAAP
YoY	+0.9%	+1.3%	+1.4%	+1.6%	+9.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	8,183	680	736	513	26.3	8.3	Sep 5, 2023	J-GAAP
Aug - Oct, 2023	10,321	797	855	575	29.6	7.7	Dec 15, 2023	J-GAAP
Nov - Jan, 2023	16,601	2,611	2,683	1,869	99.1	15.7	Mar 5, 2024	J-GAAP
Feb - Apr, 2024	10,659	1,104	1,139	931	49.3	10.4	Jun 5, 2024	J-GAAP
May - Jul, 2024	8,274	659	678	465	24.8	8.0	Sep 5, 2024	J-GAAP
YoY	+1.1%	-3.1%	-7.9%	-9.4%	-5.7%