Fuji Oil Company, Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Fri Nov 8, 2024 3:30 pm JST Earnings

5017 Fuji Oil Company, Ltd. 【J-GAAP】

Earnings Report

Fuji Oil Company, Ltd. <5017> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 13.6 billion yen (compared to a profit of 13.5 billion yen in the same period last year), reversing from the forecast of a 3.2 billion yen to a loss.

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 7.7 billion yen to a loss of 2.3 billion yen (compared to a profit of 18.7 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.2 times that of the same period last year, reaching 11.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 20.3 billion yen (compared to a profit of 10.1 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 4.9% in the same period last year to -10.8%.

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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	444,773	16,474	17,276	14,482	187.8	367.3	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	319,711	12,250	13,566	11,209	145.3	72.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	427,190	-14,570	-13,681	-16,157	-209.3	ー	Nov 8, 2024	J-GAAP
YoY	+33.6%	－	－	－	－

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	431,300	2,900	3,200	100	1.3	0	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	427,190	-14,570	-13,681	-16,157	-209.3	0	Nov 8, 2024	J-GAAP
Revision Rate	-1.0%	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	832,400	7,900	7,700	4,400	57.0	12	Aug 9, 2024	J-GAAP
Mar, 2025 New	822,800	-2,700	-2,300	-4,000	-51.8	12	Nov 8, 2024	J-GAAP
Revision Rate	-1.2%	－	－	－	－

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	404,019	3,949	5,169	4,307	55.8	15	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	395,610	11,870	11,381	12,157	157.4	12	Nov 8, 2024	J-GAAP
YoY	-2.1%	+200.6%	+120.2%	+182.3%	+182.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	850,863	5,028	4,704	3,575	46.4	10	May 10, 2023	J-GAAP
Mar, 2024	723,730	16,199	18,735	15,516	201.1	15	May 10, 2024	J-GAAP
Mar, 2025 Guidance	822,800	-2,700	-2,300	-4,000	-51.8	12	Nov 8, 2024	J-GAAP
YoY	+13.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	195,931	9,583	10,187	8,324	107.9	4.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	216,182	-4,116	-3,440	-2,441	-31.6	-1.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	187,837	8,065	8,609	6,748	87.5	4.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	235,478	6,123	6,635	5,094	66.0	2.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	191,712	-20,693	-20,316	-21,251	-275.3	-10.8	Nov 8, 2024	J-GAAP
YoY	-2.2%	－	－	－	－