The Furukawa Battery Co.,Ltd., The Current Fiscal Year Net Income Revised Downward to an Unexpected 32% Decrease

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Thu Sep 26, 2024 4:00 pm JST Revision

6937 The Furukawa Battery Co.,Ltd. 【J-GAAP】

Guidance Update Report

The Furukawa Battery Co.,Ltd. <6937> [TSE-P] announced a performance revision after the market closed on September 26th (16:00). The consolidated net income for the fiscal year ending March 2025 has downwardly by 43.2%, from the previous forecast of 3.1 billion yen to 1.76 billion yen (compared to 2.57 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 31.6% decrease in profit.

Furthermore, The company continued to decline to disclose its earnings forecast for April to September.

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Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	80,000	4,000	4,100	3,100	94.6	0	Jul 23, 2024	J-GAAP
Mar, 2025 New	80,000	4,000	4,100	1,760	53.7	0	Sep 26, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	-43.2%	-43.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	32,430	42	164	594	18.2	－	Nov 9, 2023	J-GAAP
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	－	May 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	69,538	1,900	2,193	797	24.3	19	May 11, 2023	J-GAAP
Mar, 2024	75,455	3,233	3,417	2,574	78.6	21	May 13, 2024	J-GAAP
Mar, 2025 Guidance	80,000	4,000	4,100	1,760	53.7	0	Sep 26, 2024	J-GAAP
YoY	+6.0%	+23.7%	+20.0%	-31.6%	-31.6%