FUJI LATEX CO.,LTD., First Half Ordinary Profit Decreases by 50%

Tue Nov 5, 2024 3:00 pm JST Earnings

5199 FUJI LATEX CO.,LTD. 【J-GAAP】

FUJI LATEX CO.,LTD. <5199> [TSE-S] announced its financial results in the afternoon session on November 5th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 50.2% from the same period last year to 119 million yen, fell short of the previous forecast of 230 million yen.

The progress rate against the 510 million yen full-year plan was 23.3%, also falling below the five-year average of 77.0%.

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 surge by 2.7 times that of the same period last year, reaching 391 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 17 million yen, a 88.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.4% in the same period last year to 2.2%.

Kabutan News

Actual Performance and Financial Trends

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	4,171M	373M	369M	257M	203.3	50.5	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	3,866M	247M	239M	173M	137.0	62.6	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	3,639M	134M	119M	58M	45.8	23.3	Nov 5, 2024	J-GAAP
YoY	-5.9%	-45.7%	-50.2%	-66.5%	-66.6%

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	3,900M	240M	230M	160M	126.2	－	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	3,639M	134M	119M	58M	45.8	－	Nov 5, 2024	J-GAAP
Revision Rate	-6.7%	-44.2%	-48.3%	-63.7%	-63.7%

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	3,642M	192M	143M	116M	91.7	50	May 15, 2024	J-GAAP
Guidance Oct - Mar, 2024	4,461M	406M	391M	232M	183.0	50	Nov 5, 2024	J-GAAP
YoY	+22.5%	+111.5%	+173.4%	+100.0%	+99.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,085M	760M	730M	517M	407.9	50	May 15, 2023	J-GAAP
Mar, 2024	7,508M	439M	382M	289M	228.4	50	May 15, 2024	J-GAAP
Guidance Mar, 2025	8,100M	540M	510M	290M	228.8	50	May 15, 2024	J-GAAP
YoY	+7.9%	+23.0%	+33.5%	+0.3%	+0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,994M	148M	153M	110M	87.1	7.4	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	1,855M	129M	120M	84M	66.4	7.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	1,787M	63M	23M	32M	25.3	3.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,814M	94M	102M	71M	56.7	5.2	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	1,825M	40M	17M	-13M	-10.3	2.2	Nov 5, 2024	J-GAAP
YoY	-8.5%	-73.0%	-88.9%	－	－

FUJI LATEX CO.,LTD., First Half Ordinary Profit Decreases by 50%

Actual Performance and Financial Trends

Current Period Guidance

Quarterly Results

Related Articles