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

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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%