FUJITA KANKO INC., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 82%, July-September Ordinary Profit Increases by 23%

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Fri Nov 8, 2024 3:30 pm JST Earnings

9722 FUJITA KANKO INC. 【J-GAAP】

Earnings Report

FUJITA KANKO INC. <9722> [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 7.86 billion yen, an increase of 81.8% compared to the same period last year. The progress rate against the 11 billion yen full-year plan was 71.5%, exceeding the same period of the previous year of 61.1%.

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 grow by 13.9% from the same period last year, reaching 3.13 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 23.4% from the same period last year, reaching 2.24 billion yen. The operating profit margin rose from 11.0% in the same period last year to 14.0%.

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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	29,337	-4,376	-4,195	-3,120	-260.4	ー	Nov 8, 2022	J-GAAP
Jan - Sep, 2023	45,556	3,715	4,325	4,630	386.4	61.1	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	54,178	7,680	7,862	5,412	427.9	71.5	Nov 8, 2024	J-GAAP
YoY	+18.9%	+106.7%	+81.8%	+16.9%	+10.7%

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	35,385	4,724	4,577	5,041	420.6	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	39,118	5,877	5,385	3,996	333.4	30	Aug 8, 2024	J-GAAP
YoY	+10.5%	+24.4%	+17.7%	-20.7%	-20.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	43,749	-4,048	-4,461	-5,789	-483.1	0	Feb 14, 2023	J-GAAP
Dec, 2023	64,547	6,636	7,081	8,114	677.0	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	75,000	11,000	11,000	8,000	667.5	30	Aug 8, 2024	J-GAAP
YoY	+16.2%	+65.8%	+55.3%	-1.4%	-1.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,394	1,803	1,821	1,557	129.9	11.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	18,991	2,921	2,756	3,484	290.7	15.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	16,985	2,056	2,177	1,669	131.1	12.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	18,897	3,067	3,438	2,335	185.2	16.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	18,296	2,557	2,247	1,408	111.3	14.0	Nov 8, 2024	J-GAAP
YoY	+11.6%	+41.8%	+23.4%	-9.6%	-14.3%