FUTABA INDUSTRIAL CO., LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 27%

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Wed Oct 30, 2024 4:20 pm JST Earnings

7241 FUTABA INDUSTRIAL CO., LTD. 【J-GAAP】

Earnings Report

FUTABA INDUSTRIAL CO., LTD. <7241> [TSE-P] announced its financial results after the market closed on October 30th (16:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 62.6% from the same period last year to 3.56 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 26.7%, from the previous forecast of 15 billion yen to 11 billion yen (compared to 18.4 billion yen in the previous period), leading to an increase in the profit decline rate from 18.9% to 40.5%.

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 17.0% from the same period last year to 7.43 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 427 million yen (compared to a profit of 4.66 billion yen in the same period last year). The operating profit margin worsened from 2.4% in the same period last year to 1.1%.

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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
Apr - Sep, 2022	326,457	-289	-208	-1,102	-12.3	ー	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	403,340	9,445	9,527	6,739	75.3	51.5	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	349,312	5,446	3,565	1,588	17.8	32.4	Oct 30, 2024	J-GAAP
YoY	-13.4%	-42.3%	-62.6%	-76.4%	-76.4%

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	－	17	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	349,312	5,446	3,565	1,588	17.8	17	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	740,000	16,000	15,000	12,000	134.1	35	Apr 25, 2024	J-GAAP
Mar, 2025 New	690,000	13,000	11,000	6,000	67.1	35	Oct 30, 2024	J-GAAP
Revision Rate	-6.8%	-18.8%	-26.7%	-50.0%	-50.0%

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	392,462	9,768	8,962	6,092	68.1	20	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	340,688	7,554	7,435	4,412	49.3	18	Oct 30, 2024	J-GAAP
YoY	-13.2%	-22.7%	-17.0%	-27.6%	-27.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	708,072	7,681	7,768	10,576	118.3	15	Apr 26, 2023	J-GAAP
Mar, 2024	795,802	19,213	18,489	12,831	143.4	35	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	690,000	13,000	11,000	6,000	67.1	35	Oct 30, 2024	J-GAAP
YoY	-13.3%	-32.3%	-40.5%	-53.2%	-53.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	198,667	4,716	4,662	3,665	41.0	2.4	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	206,826	6,564	6,082	4,026	45.0	3.2	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	185,636	3,204	2,880	2,066	23.1	1.7	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	186,453	3,614	3,992	2,371	26.5	1.9	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	162,859	1,832	-427	-783	-8.8	1.1	Oct 30, 2024	J-GAAP
YoY	-18.0%	-61.2%	－	－	－