FUJI CORPORATION, First Half Ordinary Profit Decreases by 7%

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Wed Nov 6, 2024 3:30 pm JST Earnings

6134 FUJI CORPORATION 【J-GAAP】

Earnings Report

FUJI CORPORATION <6134> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.4% from the same period last year to 7.23 billion yen. The progress rate against the 16.1 billion yen full-year plan was 44.9%, also falling below the five-year average of 53.3%.

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 grow by 23.2% from the same period last year, reaching 8.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.9% from the same period last year, reaching 3.29 billion yen. The operating profit margin improved from 8.6% in the same period last year to 10.3%.

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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	78,670	13,803	15,992	11,180	115.9	55.1	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	62,557	6,638	7,815	5,243	54.9	52.1	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	62,958	6,497	7,234	5,221	56.6	44.9	Nov 6, 2024	J-GAAP
YoY	+0.6%	-2.1%	-7.4%	-0.4%	+3.2%

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	60,500	5,400	6,500	4,800	52.2	40	Aug 2, 2024	J-GAAP
Apr - Sep, 2024 Results	62,958	6,497	7,234	5,221	56.6	40	Nov 6, 2024	J-GAAP
Revision Rate	+4.1%	+20.3%	+11.3%	+8.8%	+8.4%

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	64,502	6,783	7,195	5,195	55.0	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	70,042	8,303	8,866	7,179	79.3	40	Nov 6, 2024	J-GAAP
YoY	+8.6%	+22.4%	+23.2%	+38.2%	+44.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	153,326	27,108	29,016	20,454	212.1	80	May 11, 2023	J-GAAP
Mar, 2024	127,059	13,421	15,010	10,438	110.6	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	133,000	14,800	16,100	12,400	137.0	80	Aug 2, 2024	J-GAAP
YoY	+4.7%	+10.3%	+7.3%	+18.8%	+23.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	29,503	2,533	2,792	1,847	19.3	8.6	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	33,111	3,975	4,150	2,961	31.2	12.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	31,391	2,808	3,045	2,234	23.7	8.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	31,051	3,218	3,943	2,639	28.6	10.4	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	31,907	3,279	3,291	2,582	28.0	10.3	Nov 6, 2024	J-GAAP
YoY	+8.1%	+29.5%	+17.9%	+39.8%	+44.8%