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FULLCAST HOLDINGS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 19%, July-September Ordinary Profit Decreases by 50%

Fri Nov 8, 2024 3:30 pm JST Earnings

4848 FULLCAST HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

FULLCAST HOLDINGS CO.,LTD. <4848> [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) decreased by 19.2% from the same period last year to 5.32 billion yen. The progress rate against the 7.23 billion yen full-year plan was 73.6%, also falling below the five-year average of 76.4%.

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 decrease by 8.9% from the same period last year to 1.9 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 1 billion yen, a 50.4% decrease compared to the same period last year. The operating profit margin sharply declined from 11.7% in the same period last year to 5.7%.

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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 47,259 7,467 7,534 5,090 140.7 76.2 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 50,373 6,613 6,590 4,566 127.5 75.9 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 50,520 5,223 5,324 4,140 117.6 73.6 Nov 8, 2024 J-GAAP
YoY +0.3% -21.0% -19.2% -9.3% -7.8%

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 35,852 4,062 4,120 2,688 75.3 32 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 36,843 2,936 2,912 1,520 43.2 31 Aug 9, 2024 J-GAAP
YoY +2.8% -27.7% -29.3% -43.5% -42.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 64,645 9,823 9,884 6,622 183.1 58 Feb 10, 2023 J-GAAP
Dec, 2023 68,974 8,658 8,686 5,889 164.9 61 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 70,500 7,200 7,233 5,045 143.3 62 Feb 9, 2024 J-GAAP
YoY +2.2% -16.8% -16.7% -14.3% -13.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,251 2,017 2,024 1,365 38.1 11.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 18,601 2,045 2,096 1,323 37.0 11.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,133 2,356 2,332 2,202 62.6 13.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 16,524 1,908 1,989 1,323 37.6 11.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 16,863 959 1,003 615 17.5 5.7 Nov 8, 2024 J-GAAP
YoY -2.2% -52.5% -50.4% -54.9% -54.2%

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