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Fenwal Controls of Japan,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 27%, Exceeds Full-Year Plan

Thu Oct 31, 2024 3:00 pm JST Earnings

6870 Fenwal Controls of Japan,Ltd. 【J-GAAP】

Earnings Report

Fenwal Controls of Japan,Ltd. <6870> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 27.1% from the same period last year, reaching 1.01 billion yen. The progress rate against the full-year plan of 944 million yen is 107.8%, already exceeding the target and also exceeding the five-year average of 73.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 74 million yen (compared to a profit of 358 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 104 million yen (compared to a profit of 130 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.0% in the same period last year to -0.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 8,505 589 728 202 36.2 49.2 Oct 28, 2022 J-GAAP
Jan - Sep, 2023 9,083 705 801 46 8.3 69.1 Oct 31, 2023 J-GAAP
Jan - Sep, 2024 8,882 969 1,018 851 151.9 107.8 Oct 31, 2024 J-GAAP
YoY -2.2% +37.4% +27.1% +1,750.0% +1,730.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 6,115 434 488 106 19.0 72 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 6,294 -71 -178 -414 -73.8 37 Jul 30, 2024 J-GAAP
YoY +2.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 12,401 1,310 1,479 826 147.6 70 Feb 10, 2023 J-GAAP
Dec, 2023 12,601 1,035 1,159 385 68.8 72 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 12,790 907 944 508 90.6 74 Feb 9, 2024 J-GAAP
YoY +1.5% -12.4% -18.6% +31.9% +31.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,597 104 130 -233 -42.0 4.0 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 3,518 330 358 339 60.6 9.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,656 605 662 554 98.9 16.5 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 2,840 373 460 368 65.7 13.1 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 2,386 -9 -104 -71 -12.7 -0.4 Oct 31, 2024 J-GAAP
YoY -8.1% － － +69.5% +69.9%

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