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FIDEA Holdings Co. Ltd., First Half Ordinary Profit Decreases by 16%, July-September Ordinary Profit Turns to Loss

Fri Nov 8, 2024 12:30 pm JST Earnings

8713 FIDEA Holdings Co. Ltd. 【J-GAAP】

Earnings Report

FIDEA Holdings Co. Ltd. <8713> [TSE-P] announced its financial results at noon (12:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 16.4% from the same period last year to 1.27 billion yen. The progress rate against the 4.9 billion yen full-year plan was 26.0%, also falling below the five-year average of 65.3%.

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 expand by 77.2% from the same period last year, reaching 3.62 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 509 million yen (compared to a profit of 121 million yen in the same period last year).

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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 27,030 3,061 2,357 128.9 55.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 22,525 1,521 870 48.2 42.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 25,359 1,272 715 39.7 26.0 Nov 8, 2024 J-GAAP
YoY +12.6% -16.4% -17.8% -17.7%

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 25,300 1,250 750 41.6 37.50 Oct 28, 2024 J-GAAP
Apr - Sep, 2024 Results 25,359 1,272 715 39.7 37.50 Nov 8, 2024 J-GAAP
Revision Rate +0.2% +1.8% -4.7% -4.7%

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 27,419 2,047 308 17.1 37.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,628 2,485 137.9 37.50 Nov 8, 2024 J-GAAP
YoY +77.2% +706.8% +708.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,411 5,543 3,266 179.2 75 May 12, 2023 J-GAAP
Mar, 2024 49,944 3,568 1,178 65.2 75 May 14, 2024 J-GAAP
Mar, 2025 Guidance 4,900 3,200 177.5 75 May 14, 2024 J-GAAP
YoY +37.3% +171.6% +172.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,312 121 -90 -5.0 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 12,541 1,504 988 54.7 0.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 14,878 543 -680 -37.6 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 12,403 1,781 1,140 63.2 0.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 12,956 -509 -425 -23.6 0.0 Nov 8, 2024 J-GAAP
YoY +14.5% -372.2% -372.3%

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