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Fujii Sangyo Corporation, First Half Ordinary Profit Increases by 1%

Wed Nov 13, 2024 1:30 pm JST Earnings

9906 Fujii Sangyo Corporation 【J-GAAP】

Earnings Report

Fujii Sangyo Corporation <9906> [TSE-S] announced its financial results in the afternoon session on November 13th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.43 billion yen, a 1.0% increase compared to the same period last year. The progress rate against the 5.2 billion yen full-year plan was 46.9%, exceeding the five-year average of 42.7%.

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 decrease by 12.9% from the same period last year to 2.76 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.64 billion yen, an increase of 0.2% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.8% in the same period last year to 6.5%.

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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 38,205 1,433 1,687 1,038 122.7 40.1 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 40,985 2,125 2,412 1,537 181.7 43.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 42,561 2,085 2,437 1,504 177.9 46.9 Nov 13, 2024 J-GAAP
YoY +3.8% -1.9% +1.0% -2.1% -2.1%

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 42,500 2,080 2,430 1,500 177.4 25 Nov 8, 2024 J-GAAP
Apr - Sep, 2024 Results 42,561 2,085 2,437 1,504 177.9 25 Nov 13, 2024 J-GAAP
Revision Rate +0.1% +0.2% +0.3% +0.3% +0.3%

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 50,074 2,841 3,173 2,120 250.6 75 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 55,439 2,515 2,763 1,896 224.2 75 Nov 13, 2024 J-GAAP
YoY +10.7% -11.5% -12.9% -10.6% -10.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 82,714 3,674 4,208 2,742 324.1 65 May 12, 2023 J-GAAP
Mar, 2024 91,059 4,966 5,585 3,657 432.3 100 May 15, 2024 J-GAAP
Mar, 2025 Guidance 98,000 4,600 5,200 3,400 402.1 100 May 15, 2024 J-GAAP
YoY +7.6% -7.4% -6.9% -7.0% -7.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,858 1,547 1,643 1,069 126.4 6.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 23,001 1,097 1,276 814 96.2 4.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 27,073 1,744 1,897 1,306 154.4 6.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 19,380 576 790 435 51.5 3.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 23,181 1,509 1,647 1,069 126.5 6.5 Nov 13, 2024 J-GAAP
YoY +1.4% -2.5% +0.2% 0.0% +0.1%

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