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Fukoku Co.,Ltd., First Half Ordinary Profit Increases by 60%

Wed Nov 6, 2024 4:00 pm JST Earnings

5185 Fukoku Co.,Ltd. 【J-GAAP】

Earnings Report

Fukoku Co.,Ltd. <5185> [TSE-P] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.22 billion yen, an increase of 59.8% compared to the same period last year. However, The progress rate against the 4.8 billion yen full-year plan was 46.3%, also falling below the five-year average of 63.1%.

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 4.6% from the same period last year to 2.57 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 65.1% from the same period last year, reaching 933 million yen. The operating profit margin significantly improved from 1.8% in the same period last year to 4.8%.

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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 38,971 817 1,811 1,470 91.3 57.7 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 42,950 1,059 1,390 1,047 65.0 34.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 44,585 2,060 2,221 1,542 95.7 46.3 Nov 6, 2024 J-GAAP
YoY +3.8% +94.5% +59.8% +47.3% +47.1%

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 ー ー ー ー － 37.50 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 44,585 2,060 2,221 1,542 95.7 37.50 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 45,897 2,587 2,704 2,003 124.4 32.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 48,415 2,740 2,579 2,208 137.0 37.50 Nov 6, 2024 J-GAAP
YoY +5.5% +5.9% -4.6% +10.2% +10.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 82,318 2,010 3,139 2,135 132.6 50 May 15, 2023 J-GAAP
Mar, 2024 88,847 3,646 4,094 3,050 189.4 60 May 15, 2024 J-GAAP
Mar, 2025 Guidance 93,000 4,800 4,800 3,750 232.6 75 May 15, 2024 J-GAAP
YoY +4.7% +31.7% +17.2% +23.0% +22.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 21,444 392 565 664 41.2 1.8 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 23,283 1,195 1,217 799 49.6 5.1 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 22,614 1,392 1,487 1,204 74.8 6.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 22,226 980 1,288 738 45.8 4.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 22,359 1,080 933 804 49.9 4.8 Nov 6, 2024 J-GAAP
YoY +4.3% +175.5% +65.1% +21.1% +21.0%

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