FDK CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 19%

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Wed Oct 30, 2024 3:00 pm JST Earnings

6955 FDK CORPORATION 【J-GAAP】

Earnings Report

FDK CORPORATION <6955> [TSE-S] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.6 times that of the same period last year, reaching 631 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 18.8%, from the previous forecast of 800 million yen to 950 million yen (compared to 720 million yen in the previous period), increasing the growth rate from 11.1% to 31.9%.

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 drop by 45.4% from the same period last year to 319 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 5.7 times that of the same period last year, reaching 499 million yen. The operating profit margin improved from 0.4% in the same period last year to 3.4%.

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	31,734	670	839	583	16.9	98.6	Oct 25, 2022	J-GAAP
Apr - Sep, 2023	30,246	-76	136	-35	-1.0	18.9	Oct 25, 2023	J-GAAP
Apr - Sep, 2024	32,659	785	631	352	10.2	66.4	Oct 30, 2024	J-GAAP
YoY	+8.0%	－	+364.0%	－	－

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	ー	ー	ー	ー	－	0	Apr 24, 2024	J-GAAP
Apr - Sep, 2024 Results	32,659	785	631	352	10.2	0	Oct 30, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	63,000	1,000	800	200	5.8	0	Apr 24, 2024	J-GAAP
Mar, 2025 New	63,000	1,300	950	350	10.1	0	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	+30.0%	+18.8%	+75.0%	+74.8%

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	32,430	644	584	155	4.5	0	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	30,341	515	319	-2	-0.1	0	Oct 30, 2024	J-GAAP
YoY	-6.4%	-20.0%	-45.4%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	62,784	789	851	318	9.2	0	Apr 26, 2023	J-GAAP
Mar, 2024	62,676	568	720	120	3.5	0	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	63,000	1,300	950	350	10.1	0	Oct 30, 2024	J-GAAP
YoY	+0.5%	+128.9%	+31.9%	+191.7%	+189.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	15,386	59	88	79	2.3	0.4	Oct 25, 2023	J-GAAP
Oct - Dec, 2023	15,653	181	98	-17	-0.5	1.2	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	16,777	463	486	172	5.0	2.8	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	15,793	218	132	8	0.2	1.4	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	16,866	567	499	344	10.0	3.4	Oct 30, 2024	J-GAAP
YoY	+9.6%	+861.0%	+467.0%	+335.4%	+330.6%