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

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%

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