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Three F Co., Ltd., First Half Ordinary Profit Increases by 26%, June-Augus Ordinary Profit Increases by 8%

Thu Oct 10, 2024 4:00 pm JST Earnings

7544 Three F Co., Ltd. 【J-GAAP】

Earnings Report

Three F Co., Ltd. <7544> [TSE-S] announced its financial results after the market closed on October 10th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 25.6% from the same period last year, reaching 594 million yen. The progress rate against the 745 million yen full-year plan was 79.7%, almost the same as the five-year average of 77.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to significant drop by 65.8% from the same period last year to 151 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 8.2% from the same period last year, reaching 343 million yen. The operating profit margin improved from 8.8% in the same period last year to 9.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 6,646 115 117 -23 -3.1 74.5 Oct 13, 2022 J-GAAP
Mar - Aug, 2023 7,035 470 473 111 14.7 51.8 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 7,004 592 594 157 20.8 79.7 Oct 10, 2024 J-GAAP
YoY -0.4% +26.0% +25.6% +41.4% +41.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 7,000 590 590 155 20.5 5 Sep 20, 2024 J-GAAP
Mar - Aug, 2024 Results 7,004 592 594 157 20.8 5 Oct 10, 2024 J-GAAP
Revision Rate +0.1% +0.3% +0.7% +1.3% +1.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 6,822 439 441 106 14.0 5 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 6,496 148 151 -12 -1.6 5 Oct 10, 2024 J-GAAP
YoY -4.8% -66.3% -65.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 13,213 152 157 -164 -21.7 10 Apr 13, 2023 J-GAAP
Feb, 2024 13,857 909 914 217 28.7 10 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 13,500 740 745 145 19.1 10 Sep 20, 2024 J-GAAP
YoY -2.6% -18.6% -18.5% -33.2% -33.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 3,593 315 317 77 10.2 8.8 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 3,470 200 201 53 7.0 5.8 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 3,352 239 240 53 7.0 7.1 Apr 11, 2024 J-GAAP
Mar - May, 2024 3,413 250 251 72 9.6 7.3 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 3,591 342 343 85 11.3 9.5 Oct 10, 2024 J-GAAP
YoY -0.1% +8.6% +8.2% +10.4% +10.2%

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