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FORVAL TELECOM,INC., First Half Ordinary Profit Increases by 11%, July-September Ordinary Profit Increases by 27%

Wed Nov 13, 2024 3:30 pm JST Earnings

9445 FORVAL TELECOM,INC. 【J-GAAP】

Earnings Report

FORVAL TELECOM,INC. <9445> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.3% from the same period last year, reaching 561 million yen. The progress rate against the 1.1 billion yen full-year plan was 51.0%, also surpassing the five-year average of 42.8%.

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 grow by 6.9% from the same period last year, reaching 539 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 26.8% from the same period last year, reaching 426 million yen. The operating profit margin improved from 5.6% in the same period last year to 6.1%.

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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 11,667 48 79 22 1.4 12.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 11,371 528 504 370 22.1 50.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 12,668 558 561 356 21.3 51.0 Nov 13, 2024 J-GAAP
YoY +11.4% +5.7% +11.3% -3.8% -3.8%

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 8 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 12,668 558 561 356 21.3 8 Nov 13, 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 11,744 495 504 380 22.7 11 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,132 542 539 344 20.5 12 Nov 13, 2024 J-GAAP
YoY +3.3% +9.5% +6.9% -9.5% -9.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 24,748 573 641 378 22.6 17 May 12, 2023 J-GAAP
Mar, 2024 23,115 1,023 1,008 750 44.8 18 May 13, 2024 J-GAAP
Mar, 2025 Guidance 24,800 1,100 1,100 700 41.8 20 May 13, 2024 J-GAAP
YoY +7.3% +7.5% +9.1% -6.7% -6.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,140 345 336 270 16.1 5.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 5,749 206 216 140 8.4 3.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,995 289 288 240 14.3 4.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 5,599 130 135 73 4.4 2.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,069 428 426 283 16.9 6.1 Nov 13, 2024 J-GAAP
YoY +15.1% +24.1% +26.8% +4.8% +4.8%

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