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

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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%