FCE Inc., 30% Increase in Ordinary Profit, Update Record High for Sixth Consecutive Term, Dividend to Rise by 2 yen

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Wed Nov 13, 2024 12:00 pm JST Earnings

9564 FCE Inc. 【J-GAAP】

Earnings Report

FCE Inc. <9564> [TSE-S] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the fiscal year ending September 2024 increased by 22.8% from the previous period to 706 million yen. For the fiscal year ending September 2025, the profit is expected to grow by 29.6% to 915 million yen, marking the sixth consecutive term of record-high profits. This will be the eighth consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 14 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit/loss turned to a loss of 29 million yen (compared to a profit of 2 million yen in the same period last year). The operating profit/loss margin worsened from 0.0% in the same period last year to -0.5%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	3,753	454	454	299	36.2	0	Nov 14, 2022	J-GAAP
Sep, 2023	4,174	581	575	318	34.9	0	Nov 13, 2023	J-GAAP
Sep, 2024	5,006	721	706	502	52.8	12	Nov 13, 2024	J-GAAP
YoY	+19.9%	+24.1%	+22.8%	+57.9%	+51.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	5,000	707	705	500	46.1	12	Sep 17, 2024	J-GAAP
Sep, 2024 Results	5,006	721	706	502	52.8	12	Nov 13, 2024	J-GAAP
Revision Rate	+0.1%	+2.0%	+0.1%	+0.4%	+14.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	2,387	530	534	345	36.9	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	4,174	581	575	318	34.9	0	Nov 13, 2023	J-GAAP
Sep, 2024	5,006	721	706	502	52.8	12	Nov 13, 2024	J-GAAP
Sep, 2025 Guidance	5,750	900	915	630	57.7	14	Nov 13, 2024	J-GAAP
YoY	+14.9%	+24.8%	+29.6%	+25.5%	+9.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,028	0	2	-55	-6.0	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,039	172	174	111	11.9	16.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,348	358	360	234	25.0	26.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,293	198	201	142	15.2	15.3	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,326	-7	-29	15	1.6	-0.5	Nov 13, 2024	J-GAAP
YoY	+29.0%	－	－	－	－