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FUJIKURA COMPOSITES Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 9%, Dividend Revised Upward by 4 yen

Fri Nov 8, 2024 3:30 pm JST Earnings

5121 FUJIKURA COMPOSITES Inc. 【J-GAAP】

Earnings Report

FUJIKURA COMPOSITES Inc. <5121> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.7% from the same period last year, reaching 2.64 billion yen, resulting in an increase in profits compared to the previous forecast of a 22.6% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 9.3%, from the previous forecast of 4.3 billion yen to 4.7 billion yen (compared to 3.89 billion yen in the previous period), increasing the growth rate from 10.3% to 20.6%.

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 expand by 42.6% from the same period last year, reaching 2.05 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 64 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.8% from the same period last year, reaching 1.42 billion yen. The operating profit margin rose from 11.4% in the same period last year to 13.2%.

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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 20,284 2,171 2,799 2,101 98.8 54.4 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 19,365 2,220 2,456 2,244 96.9 63.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 19,667 2,250 2,510 2,140 106.7 53.4 Nov 8, 2024 J-GAAP
YoY +1.6% +1.4% +2.2% -4.6% +10.0%

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 19,000 1,600 1,900 1,400 73.1 30 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 19,667 2,250 2,510 2,140 106.7 32 Nov 8, 2024 J-GAAP
Revision Rate +3.5% +40.6% +32.1% +52.9% +45.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 39,200 3,900 4,300 3,200 167.1 60 May 10, 2024 J-GAAP
Mar, 2025 New 40,000 4,600 4,700 3,800 198.4 64 Nov 8, 2024 J-GAAP
Revision Rate +2.0% +17.9% +9.3% +18.8% +18.7%

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 18,420 1,404 1,442 1,008 43.5 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,333 2,350 2,190 1,660 86.7 32 Nov 8, 2024 J-GAAP
YoY +10.4% +67.4% +51.9% +64.7% +99.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 40,687 4,432 5,144 3,947 181.1 40 May 11, 2023 J-GAAP
Mar, 2024 37,785 3,624 3,898 3,252 140.5 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 40,000 4,600 4,700 3,800 198.4 64 Nov 8, 2024 J-GAAP
YoY +5.9% +26.9% +20.6% +16.9% +41.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,060 1,142 1,232 1,364 58.9 11.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 9,973 991 925 694 30.0 9.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,447 413 517 314 13.6 4.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,350 934 1,198 1,067 50.9 10.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,317 1,316 1,312 1,073 53.5 12.8 Nov 8, 2024 J-GAAP
YoY +2.6% +15.2% +6.5% -21.3% -9.2%

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