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FORVAL CORPORATION, July-September (2Q) Ordinary Profit Increases by 4%

Wed Nov 13, 2024 3:30 pm JST Earnings

8275 FORVAL CORPORATION 【J-GAAP】

Earnings Report

FORVAL CORPORATION <8275> [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) was 1.69 billion yen, a 2.6% increase compared to the same period last year. The progress rate against the 3.7 billion yen full-year plan was 45.9%, exceeding the five-year average of 39.4%.

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 11.0% from the same period last year, reaching 2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 3.6% from the same period last year, reaching 1.16 billion yen. However, the operating profit margin remained almost flat, changing from 6.5% in the same period last year to 6.4%.

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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 27,526 581 768 298 11.6 28.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 30,576 1,498 1,656 942 36.7 47.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 33,839 1,596 1,699 820 31.4 45.9 Nov 13, 2024 J-GAAP
YoY +10.7% +6.5% +2.6% -13.0% -14.5%

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 － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 33,839 1,596 1,699 820 31.4 0 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 32,951 1,737 1,803 1,069 41.6 28 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,161 2,004 2,001 1,280 49.2 30 Nov 13, 2024 J-GAAP
YoY +0.6% +15.4% +11.0% +19.7% +18.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 59,538 2,443 2,717 1,679 65.4 27 May 12, 2023 J-GAAP
Mar, 2024 63,527 3,235 3,459 2,011 78.2 28 May 13, 2024 J-GAAP
Mar, 2025 Guidance 67,000 3,600 3,700 2,100 80.6 30 May 13, 2024 J-GAAP
YoY +5.5% +11.3% +7.0% +4.4% +3.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 16,248 1,052 1,124 689 26.8 6.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 15,405 413 453 294 11.4 2.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,546 1,324 1,350 775 30.1 7.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 15,820 451 534 195 7.5 2.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 18,019 1,145 1,165 625 23.9 6.4 Nov 13, 2024 J-GAAP
YoY +10.9% +8.8% +3.6% -9.3% -10.9%

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