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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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%