kabutan

FUJITA ENGINEERING CO.,LTD., First Half Ordinary Profit Increases by 75%

Tue Nov 12, 2024 3:00 pm JST Earnings

1770 FUJITA ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

FUJITA ENGINEERING CO.,LTD. <1770> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.45 billion yen, an increase of 75.0% compared to the same period last year. The progress rate against the 2.2 billion yen full-year plan was 66.1%, also surpassing the five-year average of 23.7%.

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 significant drop by 50.8% from the same period last year to 746 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 569 million yen, a 8.7% decrease compared to the same period last year. The operating profit margin worsened from 8.9% in the same period last year to 6.7%.

Kabutan News

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 10,185 309 440 303 33.3 23.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 11,633 734 831 555 60.7 35.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 15,633 1,348 1,454 986 107.7 66.1 Nov 12, 2024 J-GAAP
YoY +34.4% +83.7% +75.0% +77.7% +77.4%

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 ー ー ー ー － 25 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 15,633 1,348 1,454 986 107.7 25 Nov 12, 2024 J-GAAP
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 20,640 1,448 1,515 1,036 113.2 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,367 652 746 314 34.2 25 Nov 12, 2024 J-GAAP
YoY -30.4% -55.0% -50.8% -69.7% -69.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,164 1,734 1,898 1,275 139.6 40 May 10, 2023 J-GAAP
Mar, 2024 32,273 2,182 2,346 1,591 173.8 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 30,000 2,000 2,200 1,300 141.7 50 May 10, 2024 J-GAAP
YoY -7.0% -8.3% -6.2% -18.3% -18.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,258 555 623 421 46.0 8.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 7,959 612 651 439 48.0 7.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 12,681 836 864 597 65.2 6.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,663 811 885 607 66.3 10.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,970 537 569 379 41.4 6.7 Nov 12, 2024 J-GAAP
YoY +27.4% -3.2% -8.7% -10.0% -10.1%

Related Articles