FUSO CHEMICAL CO.,LTD., First Half Ordinary Profit Increases by 27%, July-September Ordinary Profit Increases by 45%

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Thu Oct 31, 2024 4:00 pm JST Earnings

4368 FUSO CHEMICAL CO.,LTD. 【J-GAAP】

Earnings Report

FUSO CHEMICAL CO.,LTD. <4368> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.3% from the same period last year, reaching 7.94 billion yen. The progress rate against the 13.7 billion yen full-year plan was 58.0%, also surpassing the five-year average of 48.8%.

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 grow by 2.0% from the same period last year, reaching 5.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 45.3% from the same period last year, reaching 3.65 billion yen. The operating profit margin jumped from 17.7% in the same period last year to 24.4%.

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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	35,359	9,578	10,757	7,516	213.3	54.5	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	27,135	5,581	6,245	4,287	121.6	52.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	34,756	8,145	7,948	5,608	159.1	58.0	Oct 31, 2024	J-GAAP
YoY	+28.1%	+45.9%	+27.3%	+30.8%	+30.8%

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	34,000	7,200	7,350	5,050	143.2	35	Sep 17, 2024	J-GAAP
Apr - Sep, 2024 Results	34,756	8,145	7,948	5,608	159.1	35	Oct 31, 2024	J-GAAP
Revision Rate	+2.2%	+13.1%	+8.1%	+11.0%	+11.1%

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	31,835	5,502	5,638	4,056	115.1	33	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	33,244	5,355	5,752	3,542	100.5	35	Oct 31, 2024	J-GAAP
YoY	+4.4%	-2.7%	+2.0%	-12.7%	-12.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	68,459	18,930	19,740	14,129	400.9	63	May 11, 2023	J-GAAP
Mar, 2024	58,970	11,083	11,883	8,343	236.7	66	May 10, 2024	J-GAAP
Mar, 2025 Guidance	68,000	13,500	13,700	9,150	259.5	70	Sep 17, 2024	J-GAAP
YoY	+15.3%	+21.8%	+15.3%	+9.7%	+9.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,493	2,387	2,518	1,833	52.0	17.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	16,000	2,645	2,453	1,819	51.6	16.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	15,835	2,857	3,185	2,237	63.5	18.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	17,431	3,910	4,290	2,884	81.8	22.4	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	17,325	4,235	3,658	2,724	77.3	24.4	Oct 31, 2024	J-GAAP
YoY	+28.4%	+77.4%	+45.3%	+48.6%	+48.6%