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FUJI KOSAN COMPANY, LTD., First Half Ordinary Profit Decreases by 53%, July-September Ordinary Profit Decreases by 65%

Mon Nov 11, 2024 4:00 pm JST Earnings

5009 FUJI KOSAN COMPANY, LTD. 【J-GAAP】

Earnings Report

FUJI KOSAN COMPANY, LTD. <5009> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 52.6% from the same period last year to 251 million yen. The progress rate against the 800 million yen full-year plan was 31.4%, also falling below the five-year average of 46.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 31.7% from the same period last year, reaching 549 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 123 million yen, a 65.0% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 0.8%.

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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 29,151 153 165 163 24.9 44.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 26,152 519 529 373 56.8 55.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 28,828 236 251 187 28.4 31.4 Nov 11, 2024 J-GAAP
YoY +10.2% -54.5% -52.6% -49.9% -49.9%

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 30,000 190 190 140 21.3 30 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 28,828 236 251 187 28.4 30 Nov 11, 2024 J-GAAP
Revision Rate -3.9% +24.2% +32.1% +33.6% +33.7%

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 35,760 394 417 234 35.6 65 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 42,172 564 549 373 56.6 56 Nov 11, 2024 J-GAAP
YoY +17.9% +43.1% +31.7% +59.4% +59.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 65,073 345 370 408 62.2 70 May 15, 2023 J-GAAP
Mar, 2024 61,912 913 946 607 92.3 93 May 15, 2024 J-GAAP
Mar, 2025 Guidance 71,000 800 800 560 85.0 86 May 15, 2024 J-GAAP
YoY +14.7% -12.4% -15.4% -7.7% -8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,007 345 351 233 35.5 2.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 18,295 402 413 279 42.5 2.2 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 17,465 -8 4 -45 -6.8 0.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 14,852 123 128 140 21.4 0.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 13,976 113 123 47 7.1 0.8 Nov 11, 2024 J-GAAP
YoY +7.4% -67.2% -65.0% -79.8% -79.9%

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