FTGroup CO.,LTD., First Half Net Income Increases by 46%, July-September Net Income Increases by 90%

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Mon Nov 11, 2024 3:00 pm JST Earnings

2763 FTGroup CO.,LTD. 【IFRS】

Earnings Report

FTGroup CO.,LTD. <2763> [TSE-S] announced its financial results (based on IFRS) in the afternoon session on November 11th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.96 billion yen, an increase of 45.5% compared to the same period last year. The progress rate against the 4.3 billion yen full-year plan was 92.1%, also surpassing the five-year average of 56.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop by 86.8% from the same period last year to 338 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 90.0% from the same period last year, reaching 2.59 billion yen. The operating profit margin jumped from 21.0% in the same period last year to 38.6%.

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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	20,614	3,519	3,544	2,280	73.9	60.6	Nov 10, 2022	IFRS
Apr - Sep, 2023	18,229	3,983	3,991	2,723	89.4	51.8	Nov 10, 2023	IFRS
Apr - Sep, 2024	17,724	5,605	5,596	3,962	131.4	ー	Nov 11, 2024	IFRS
YoY	-2.8%	+40.7%	+40.2%	+45.5%	+47.0%

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	ー	ー	ー	ー	－	20	May 14, 2024	IFRS
Apr - Sep, 2024 Results	17,724	5,605	5,596	3,962	131.4	20	Nov 11, 2024	IFRS
Revision Rate	－	－	－	－	－

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	18,251	3,711	3,714	2,561	84.4	35	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	15,276	1,095	ー	338	11.3	35	Nov 11, 2024	IFRS
YoY	-16.3%	-70.5%	－	-86.8%	-86.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	40,698	5,837	5,851	3,625	118.0	55	May 12, 2023	IFRS
Mar, 2024	36,480	7,694	7,705	5,284	174.0	55	May 14, 2024	IFRS
Mar, 2025 Guidance	33,000	6,700	ー	4,300	144.1	55	May 14, 2024	IFRS
YoY	-9.5%	-12.9%	－	-18.6%	-17.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,581	2,012	2,008	1,364	44.8	21.0	Nov 10, 2023	IFRS
Oct - Dec, 2023	8,816	1,602	1,610	1,105	36.3	18.2	Feb 9, 2024	IFRS
Jan - Mar, 2024	9,435	2,109	2,104	1,456	48.0	22.4	May 14, 2024	IFRS
Apr - Jun, 2024	8,387	1,999	1,996	1,370	45.5	23.8	Aug 9, 2024	IFRS
Jul - Sep, 2024	9,337	3,606	3,600	2,592	86.0	38.6	Nov 11, 2024	IFRS
YoY	-2.5%	+79.2%	+79.3%	+90.0%	+91.9%