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Fudo Tetra Corporation, First Half Ordinary Profit Decreases by 64%, July-September Ordinary Profit Decreases by 31%

Fri Nov 8, 2024 2:30 pm JST Earnings

1813 Fudo Tetra Corporation 【J-GAAP】

Earnings Report

Fudo Tetra Corporation <1813> [TSE-P] announced its financial results in the afternoon session on November 8th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 63.7% from the same period last year to 602 million yen. The progress rate against the 3.1 billion yen full-year plan was 19.4%, also falling below the five-year average of 44.6%.

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 94.1% from the same period last year, reaching 2.49 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 960 million yen, a 30.9% decrease compared to the same period last year. The operating profit margin worsened from 7.4% in the same period last year to 5.8%.

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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 29,929 913 1,049 732 48.1 30.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 33,424 1,463 1,660 1,153 75.8 56.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 29,815 381 602 452 29.8 19.4 Nov 8, 2024 J-GAAP
YoY -10.8% -74.0% -63.7% -60.8% -60.7%

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 29,815 381 602 452 29.8 0 Nov 8, 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 34,523 1,193 1,287 856 56.2 60 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 41,685 2,619 2,498 1,648 109.0 60 Nov 8, 2024 J-GAAP
YoY +20.7% +119.5% +94.1% +92.5% +93.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 70,466 3,602 3,458 2,166 142.3 60 May 12, 2023 J-GAAP
Mar, 2024 67,947 2,656 2,947 2,009 132.0 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 71,500 3,000 3,100 2,100 138.9 60 May 10, 2024 J-GAAP
YoY +5.2% +13.0% +5.2% +4.5% +5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,408 1,282 1,389 1,008 66.2 7.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 18,289 1,034 1,045 575 37.8 5.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 16,234 159 242 281 18.5 1.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 13,037 -592 -358 -249 -16.4 -4.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 16,778 973 960 701 46.1 5.8 Nov 8, 2024 J-GAAP
YoY -3.6% -24.1% -30.9% -30.5% -30.3%

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