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FUJI CORPORATION LIMITED, First Half Ordinary Profit Increases by 59%, July-September Ordinary Profit Increases by 49%

Thu Oct 31, 2024 3:00 pm JST Earnings

8860 FUJI CORPORATION LIMITED 【J-GAAP】

Earnings Report

FUJI CORPORATION LIMITED <8860> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.67 billion yen, an increase of 59.3% compared to the same period last year. The progress rate against the 6.7 billion yen full-year plan was 54.9%, also surpassing the five-year average of 49.9%.

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 October to March period (second half) is expected to drop by 30.3% from the same period last year to 3.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 48.6% from the same period last year, reaching 1.59 billion yen. The operating profit margin improved from 4.8% in the same period last year to 6.4%.

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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 56,333 3,055 2,782 1,851 51.7 48.4 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 52,648 2,618 2,309 1,536 42.8 34.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 59,958 4,115 3,678 2,478 68.4 54.9 Oct 31, 2024 J-GAAP
YoY +13.9% +57.2% +59.3% +61.3% +59.8%

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 60,800 3,600 3,200 2,200 60.4 14 May 2, 2024 J-GAAP
Apr - Sep, 2024 Results 59,958 4,115 3,678 2,478 68.4 14 Oct 31, 2024 J-GAAP
Revision Rate -1.4% +14.3% +14.9% +12.6% +13.1%

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 67,740 4,646 4,334 3,023 84.0 16 May 2, 2024 J-GAAP
Oct - Mar, 2024 Guidance 63,042 3,285 3,022 2,022 56.1 13 Oct 31, 2024 J-GAAP
YoY -6.9% -29.3% -30.3% -33.1% -33.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 114,669 6,286 5,744 3,817 106.7 27 May 2, 2023 J-GAAP
Mar, 2024 120,388 7,264 6,643 4,559 126.7 30 May 2, 2024 J-GAAP
Mar, 2025 Guidance 123,000 7,400 6,700 4,500 124.8 27 May 2, 2024 J-GAAP
YoY +2.2% +1.9% +0.9% -1.3% -1.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25,533 1,214 1,075 712 19.8 4.8 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 31,635 1,994 1,874 1,254 34.9 6.3 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 36,105 2,652 2,460 1,769 49.2 7.3 May 2, 2024 J-GAAP
Apr - Jun, 2024 30,702 2,247 2,081 1,414 39.1 7.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 29,256 1,868 1,597 1,064 29.4 6.4 Oct 31, 2024 J-GAAP
YoY +14.6% +53.9% +48.6% +49.4% +48.0%

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