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

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 11.4 35 Nov 11, 2024 IFRS
YoY -16.3% -70.5% － -86.8% -86.5%

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 4,300 144.6 55 May 14, 2024 IFRS
YoY -9.5% -12.9% － -18.6% -16.9%

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%

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