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FUTABA CORPORATION, The Current Fiscal Year Ordinary Profit Loss Widened in Downward Revision

Mon Nov 11, 2024 3:30 pm JST Earnings

6986 FUTABA CORPORATION 【J-GAAP】

Earnings Report

FUTABA CORPORATION <6986> [TSE-P] announced its financial results after the market closed on November 11th (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 357 million yen (compared to a profit of 14 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected loss of 300 million yen to a loss of 500 million yen (compared to a profit of 570 million yen in the previous period), indicating an expansion in the loss margin.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 143 million yen (compared to a profit of 556 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 754 million yen (compared to a profit of 160 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -1.8% in the same period last year to -1.8%.

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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 29,519 -1,474 6 -1,371 -32.3 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 29,061 -1,172 14 -3,059 -72.1 2.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 24,568 -474 -357 -1,273 -30.0 ー Nov 11, 2024 J-GAAP
YoY -15.5% +59.6% － +58.4% +58.4%

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 25,000 -700 -600 -900 -21.2 0 Aug 8, 2024 J-GAAP
Apr - Sep, 2024 Results 24,568 -474 -357 -1,273 -30.0 0 Nov 11, 2024 J-GAAP
Revision Rate -1.7% +32.3% +40.5% -41.4% -41.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 51,000 -400 -300 -800 -18.9 10 Aug 8, 2024 J-GAAP
Mar, 2025 New 50,000 -1,100 -500 -900 -21.2 10 Nov 11, 2024 J-GAAP
Revision Rate -2.0% -175.0% -66.7% -12.5% -12.5%

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 27,299 31 556 1,205 28.4 5 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,432 -626 -143 373 8.8 10 Nov 11, 2024 J-GAAP
YoY -6.8% － － -69.0% -69.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 60,326 -2,387 -1,134 -3,499 -82.5 14 May 12, 2023 J-GAAP
Mar, 2024 56,360 -1,141 570 -1,854 -43.7 10 May 10, 2024 J-GAAP
Mar, 2025 Guidance 50,000 -1,100 -500 -900 -21.2 10 Nov 11, 2024 J-GAAP
YoY -11.3% +3.6% － +51.5% +51.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,205 -280 160 -1,848 -43.6 -1.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 13,190 34 -38 -379 -8.9 0.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 14,109 -3 594 1,584 37.3 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 12,690 -261 397 71 1.7 -2.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,878 -213 -754 -1,344 -31.7 -1.8 Nov 11, 2024 J-GAAP
YoY -21.9% +23.9% － +27.3% +27.3%

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