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FUKUDA CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 68%, July-September Ordinary Profit Increases by 22%

Fri Nov 8, 2024 3:30 pm JST Earnings

1899 FUKUDA CORPORATION 【J-GAAP】

Earnings Report

FUKUDA CORPORATION <1899> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 5.95 billion yen, an increase of 67.7% compared to the same period last year. The progress rate against the 6 billion yen full-year plan was 99.3%, also surpassing the five-year average of 79.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 97.7% from the same period last year to 45 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 21.5% from the same period last year, reaching 2.24 billion yen. The operating profit margin improved from 4.3% in the same period last year to 5.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 108,106 5,001 5,180 3,530 414.1 95.0 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 111,976 3,361 3,552 2,226 262.5 64.8 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 116,602 5,735 5,955 3,948 477.2 99.3 Nov 8, 2024 J-GAAP
YoY +4.1% +70.6% +67.7% +77.4% +81.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 92,353 3,670 3,775 2,300 271.8 110 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 90,682 2,270 2,292 1,440 174.0 110 Aug 8, 2024 J-GAAP
YoY -1.8% -38.1% -39.3% -37.4% -36.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 154,358 5,208 5,451 3,650 428.2 120 Feb 14, 2023 J-GAAP
Dec, 2023 162,243 5,205 5,478 3,386 400.1 110 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 166,400 5,800 6,000 3,900 471.3 110 Feb 14, 2024 J-GAAP
YoY +2.6% +11.4% +9.5% +15.2% +17.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 42,086 1,826 1,849 1,140 134.4 4.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 50,267 1,844 1,926 1,160 137.1 3.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 41,419 2,659 2,751 1,883 227.7 6.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 34,299 871 957 577 69.7 2.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 40,884 2,205 2,247 1,488 179.9 5.4 Nov 8, 2024 J-GAAP
YoY -2.9% +20.8% +21.5% +30.5% +33.8%

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