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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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%