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FANCL CORPORATION, First Half Ordinary Profit Revised Downward to an Unexpected 23%Decrease

Tue Nov 5, 2024 3:30 pm JST Earnings

4921 FANCL CORPORATION 【J-GAAP】

Earnings Report

FANCL CORPORATION <4921> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.3% from the same period last year to 4.87 billion yen, resulting in a decrease in profits compared to the previous forecast of a 3.7% increase.

The progress rate against the 14.5 billion yen full-year plan was 33.6%, also falling below the five-year average of 51.3%.

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 expand by 46.3% from the same period last year, reaching 9.62 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.16 billion yen, a 28.6% decrease compared to the same period last year. The operating profit margin decreased from 10.6% in the same period last year to 8.1%.

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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 50,639 3,350 4,176 2,654 22.0 48.8 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 54,077 6,057 6,362 4,316 35.7 49.2 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 52,199 4,742 4,878 2,550 21.1 33.6 Nov 5, 2024 J-GAAP
YoY -3.5% -21.7% -23.3% -40.9% -40.9%

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 55,730 6,590 6,600 4,500 37.2 0 Jun 14, 2024 J-GAAP
Apr - Sep, 2024 Results 52,199 4,742 4,878 2,550 21.1 0 Nov 5, 2024 J-GAAP
Revision Rate -6.3% -28.0% -26.1% -43.3% -43.3%

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 56,804 6,513 6,578 4,517 37.4 17 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 66,301 9,758 9,622 7,450 61.6 0 Nov 5, 2024 J-GAAP
YoY +16.7% +49.8% +46.3% +64.9% +64.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 103,595 7,843 8,557 4,970 41.1 34 May 9, 2023 J-GAAP
Mar, 2024 110,881 12,570 12,940 8,833 73.0 34 May 8, 2024 J-GAAP
Mar, 2025 Guidance 118,500 14,500 14,500 10,000 82.7 0 Jun 14, 2024 J-GAAP
YoY +6.9% +15.4% +12.1% +13.2% +13.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 26,925 2,855 3,035 2,127 17.6 10.6 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 29,338 3,994 4,034 2,636 21.8 13.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 27,466 2,519 2,544 1,881 15.6 9.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 26,042 2,621 2,711 1,673 13.8 10.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 26,157 2,121 2,167 877 7.3 8.1 Nov 5, 2024 J-GAAP
YoY -2.9% -25.7% -28.6% -58.8% -58.8%

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