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FJ NEXT HOLDINGS CO., LTD., First Half Ordinary Profit Decreases by 15%

Wed Nov 6, 2024 2:00 pm JST Earnings

8935 FJ NEXT HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

FJ NEXT HOLDINGS CO., LTD. <8935> [TSE-P] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 15.5% from the same period last year to 4.1 billion yen. However, The progress rate against the 7.5 billion yen full-year plan was 54.7%, also surpassing the five-year average of 45.1%.

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 decrease by 25.8% from the same period last year to 3.39 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.83 billion yen, a 20.6% decrease compared to the same period last year. The operating profit margin decreased from 13.0% in the same period last year to 9.6%.

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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 41,160 3,636 3,609 2,453 75.1 43.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 48,448 4,859 4,858 3,227 98.7 51.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 53,588 4,115 4,106 2,796 85.5 54.7 Nov 6, 2024 J-GAAP
YoY +10.6% -15.3% -15.5% -13.4% -13.4%

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 24 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 53,588 4,115 4,106 2,796 85.5 24 Nov 6, 2024 J-GAAP
Revision Rate

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 51,957 4,572 4,576 3,226 98.6 26 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 49,412 3,385 3,394 2,204 67.3 24 Nov 6, 2024 J-GAAP
YoY -4.9% -26.0% -25.8% -31.7% -31.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 84,688 8,250 8,219 5,621 172.0 48 May 12, 2023 J-GAAP
Mar, 2024 100,405 9,431 9,434 6,453 197.3 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 103,000 7,500 7,500 5,000 152.8 48 May 13, 2024 J-GAAP
YoY +2.6% -20.5% -20.5% -22.5% -22.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,525 3,572 3,572 2,412 73.8 13.0 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 17,847 594 594 380 11.6 3.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 34,110 3,978 3,982 2,846 87.0 11.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 23,890 1,278 1,271 845 25.8 5.3 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 29,698 2,837 2,835 1,951 59.7 9.6 Nov 6, 2024 J-GAAP
YoY +7.9% -20.6% -20.6% -19.1% -19.2%

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