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F-TECH INC., First Half Net Income Loss Widens, July-September Net Income Loss Widens

Thu Nov 7, 2024 3:30 pm JST Earnings

7212 F-TECH INC. 【J-GAAP】

Earnings Report

F-TECH INC. <7212> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 4.86 billion yen (compared to a loss of 516 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 2.5 times that of the same period last year, reaching 5.46 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 4.08 billion yen (compared to a loss of 189 million yen in the same period last year). The operating profit/loss margin remained almost flat, changing from -2.0% in the same period last year to -2.2%.

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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 121,260 -1,090 213 1,118 60.2 11.1 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 139,303 -1,290 -915 -516 -27.8 ー Nov 7, 2023 J-GAAP
Apr - Sep, 2024 145,810 -1,430 -2,965 -4,860 -261.8 ー Nov 7, 2024 J-GAAP
YoY +4.7% -10.9% -224.0% -841.9% -842.2%

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 ー ー ー ー － 10 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 145,810 -1,430 -2,965 -4,860 -261.8 10 Nov 7, 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 159,456 4,998 3,916 2,199 118.4 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 156,190 6,130 5,465 5,460 294.0 10 Nov 7, 2024 J-GAAP
YoY -2.0% +22.6% +39.6% +148.3% +148.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 261,156 2,038 1,921 1,734 93.3 20 May 15, 2023 J-GAAP
Mar, 2024 298,759 3,708 3,001 1,683 90.6 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 302,000 4,700 2,500 600 32.3 20 May 14, 2024 J-GAAP
YoY +1.1% +26.8% -16.7% -64.3% -64.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 68,104 -1,363 -1,223 -189 -10.2 -2.0 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 75,752 1,818 863 27 1.5 2.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 83,704 3,180 3,053 2,172 117.0 3.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 74,736 141 180 -779 -42.0 0.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 71,074 -1,571 -3,145 -4,081 -219.8 -2.2 Nov 7, 2024 J-GAAP
YoY +4.4% -15.3% -157.2% -2,059.3% -2,059.0%

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