Feedforce Group Inc., June-August (1Q) Ordinary Profit Increases by 6%

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Thu Sep 26, 2024 3:00 pm JST Earnings

7068 Feedforce Group Inc. 【J-GAAP】

Earnings Report

Feedforce Group Inc. <7068> [TSE-G] announced its financial results after the market closed on September 26th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending May 2025 (June to August) increased by 5.6% from the same period last year, reaching 340 million yen. However, The progress rate against the 744 million yen plan for the six months ending November (first half) was 45.7%, almost the same as the five-year average of 43.0%.

In the most recent three-month period, from June to August (1Q), the operating profit margin rose from 31.4% in the same period last year to 33.4%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Aug, 2022	904	160	158	-250	-9.6	39.7	Sep 30, 2022	J-GAAP
Jun - Aug, 2023	1,066	335	322	300	11.5	51.8	Sep 28, 2023	J-GAAP
Jun - Aug, 2024	1,052	351	340	196	7.7	45.7	Sep 26, 2024	J-GAAP
YoY	-1.3%	+4.8%	+5.6%	-34.7%	-32.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	2,143	647	622	175	6.7	0	Dec 27, 2023	J-GAAP
Jun - Nov, 2024 Guidance	2,144	754	744	490	19.3	0	Jun 27, 2024	J-GAAP
YoY	+0.0%	+16.5%	+19.6%	+180.0%	+187.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	3,966	1,029	1,020	112	4.3	0	Jun 29, 2023	J-GAAP
May, 2024	4,229	1,237	1,166	473	18.2	0	Jun 27, 2024	J-GAAP
May, 2025 Guidance	4,580	1,800	1,781	1,172	46.1	0	Jun 27, 2024	J-GAAP
YoY	+8.3%	+45.5%	+52.7%	+147.8%	+153.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,066	335	322	300	11.5	31.4	Sep 28, 2023	J-GAAP
Sep - Nov, 2023	1,077	312	300	-125	-4.8	29.0	Dec 27, 2023	J-GAAP
Dec - Feb, 2023	987	238	228	107	4.1	24.1	Mar 28, 2024	J-GAAP
Mar - May, 2024	1,099	352	316	191	7.4	32.0	Jun 27, 2024	J-GAAP
Jun - Aug, 2024	1,052	351	340	196	7.7	33.4	Sep 26, 2024	J-GAAP
YoY	-1.3%	+4.8%	+5.6%	-34.7%	-32.8%