FANUC CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase

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Fri Oct 25, 2024 3:00 pm JST Earnings

6954 FANUC CORPORATION 【J-GAAP】

Earnings Report

FANUC CORPORATION <6954> [TSE-P] announced its financial results after the market closed on October 25th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.0% from the same period last year, reaching 94.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 6.3%, from the previous forecast of 173 billion yen to 184 billion yen (compared to 181 billion yen in the previous period), turning to a 1.7% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 5.7% from the same period last year to 90.1 billion yen.

At the same time, the annual dividend remains undecided.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 20.6% from the same period last year, reaching 53.6 billion yen. The operating profit margin rose from 17.2% in the same period last year to 22.1%.

Kabutan News

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
Apr - Sep, 2022	416,128	94,671	115,547	84,214	88.0	49.9	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	398,695	66,536	86,153	63,937	67.1	47.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	387,962	75,588	94,780	69,922	74.2	51.3	Oct 25, 2024	J-GAAP
YoY	-2.7%	+13.6%	+10.0%	+9.4%	+10.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	385,200	68,600	87,700	64,100	68.3	－	Jul 29, 2024	J-GAAP
Apr - Sep, 2024 Results	387,962	75,588	94,780	69,922	74.2	44.51	Oct 25, 2024	J-GAAP
Revision Rate	+0.7%	+10.2%	+8.1%	+9.1%	+8.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	784,300	143,000	173,900	125,300	134.3	－	Jul 29, 2024	J-GAAP
Mar, 2025 New	787,800	150,800	184,900	134,300	143.9	－	Oct 25, 2024	J-GAAP
Revision Rate	+0.4%	+5.5%	+6.3%	+7.2%	+7.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	396,579	75,383	95,602	69,222	72.9	43.88	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	399,838	75,212	90,120	64,378	69.0	－	Oct 25, 2024	J-GAAP
YoY	+0.8%	-0.2%	-5.7%	-7.0%	-5.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	851,956	191,359	231,327	170,587	199.5	107.13	Apr 26, 2023	J-GAAP
Mar, 2024	795,274	141,919	181,755	133,159	140.2	84.14	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	787,800	150,800	184,900	134,300	143.9	－	Oct 25, 2024	J-GAAP
YoY	-0.9%	+6.3%	+1.7%	+0.9%	+2.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	196,924	33,942	44,478	33,613	35.3	17.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	197,830	40,887	48,993	34,403	36.2	20.7	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	198,749	34,496	46,609	34,819	36.7	17.4	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	195,100	32,958	41,129	28,803	30.5	16.9	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	192,862	42,630	53,651	41,119	43.6	22.1	Oct 25, 2024	J-GAAP
YoY	-2.1%	+25.6%	+20.6%	+22.3%	+23.6%