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FALTEC Co.,Ltd., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 3.3 times

Tue Nov 12, 2024 3:30 pm JST Earnings

7215 FALTEC Co.,Ltd. 【J-GAAP】

Earnings Report

FALTEC Co.,Ltd. <7215> [TSE-S] announced its financial results after the market closed on November 12th (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 profit of 469 million yen (compared to a loss of 209 million yen in the same period last year). The progress rate against the 1.5 billion yen full-year plan was 31.3%.

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 drop by 48.2% from the same period last year to 1.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.3 times that of the same period last year, reaching 680 million yen. The operating profit margin improved from 1.9% in the same period last year to 3.5%.

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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 33,830 -693 -626 -1,190 -126.9 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 38,473 98 -209 -586 -62.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 38,863 504 469 -107 -11.4 31.3 Nov 12, 2024 J-GAAP
YoY +1.0% +414.3% +81.7% +81.7%

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 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 38,863 504 469 -107 -11.4 0 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 43,413 1,995 1,990 -204 -21.8 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 38,137 1,196 1,031 707 75.4 0 Nov 12, 2024 J-GAAP
YoY -12.2% -40.1% -48.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 74,102 -251 -498 -2,310 -246.4 0 May 12, 2023 J-GAAP
Mar, 2024 81,886 2,093 1,781 -790 -84.3 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 77,000 1,700 1,500 600 64.0 0 May 14, 2024 J-GAAP
YoY -6.0% -18.8% -15.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 20,021 384 208 -88 -9.4 1.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 20,784 356 252 -18 -1.9 1.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 22,629 1,639 1,738 -186 -19.9 7.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 17,659 -238 -211 -323 -34.4 -1.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 21,204 742 680 216 23.1 3.5 Nov 12, 2024 J-GAAP
YoY +5.9% +93.2% +226.9%

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