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FUJI CORPORATION, First Half Ordinary Profit Decreases by 7%

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 80.5 40 Nov 6, 2024 J-GAAP
YoY +8.6% +22.4% +23.2% +38.2% +46.2%

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 12,400 139.0 80 Aug 2, 2024 J-GAAP
YoY +4.7% +10.3% +7.3% +18.8% +25.7%

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%

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