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FUKUSHIMA GALILEI CO. LTD., First Half Ordinary Profit Decreases by 5%, Revises Dividend Forecast in Conjunction with Stock Split

Wed Nov 13, 2024 4:00 pm JST Earnings

6420 GALILEI CO. LTD. 【J-GAAP】

Earnings Report

FUKUSHIMA GALILEI CO. LTD. <6420> [TSE-P] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.1% from the same period last year to 7.09 billion yen. However, The progress rate against the 13.5 billion yen full-year plan was 52.3%, also surpassing the five-year average of 47.2%.

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 25.4% from the same period last year to 6.47 billion yen.

At the same time, Due to a planned 1-to-2 stock split is scheduled for December 31, the year-end lump-sum dividend for the current fiscal year has been revised from the original plan of 105 yen to 52.5 yen (equivalent to 105 yen before the stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.62 billion yen, a 4.8% decrease compared to the same period last year. The operating profit margin decreased from 12.6% in the same period last year to 12.2%.

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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 48,469 4,503 5,573 3,884 96.9 45.3 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 53,536 6,634 7,477 5,303 132.2 46.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 61,011 6,975 7,098 5,166 129.0 52.3 Nov 13, 2024 J-GAAP
YoY +14.0% +5.1% -5.1% -2.6% -2.4%

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 57,824 6,207 6,434 4,640 115.8 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 61,011 6,975 7,098 5,166 129.0 0 Nov 13, 2024 J-GAAP
Revision Rate +5.5% +12.4% +10.3% +11.3% +11.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 119,383 13,191 13,575 9,784 244.2 52.50 May 8, 2024 J-GAAP
Mar, 2025 New 119,383 13,191 13,575 9,784 244.2 52.50 Nov 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 62,279 8,664 8,682 7,003 175.1 52.50 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 58,372 6,216 6,477 4,618 115.3 52.50 Nov 13, 2024 J-GAAP
YoY -6.3% -28.3% -25.4% -34.1% -34.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 104,996 11,485 12,292 8,654 215.8 36.50 May 10, 2023 J-GAAP
Mar, 2024 115,815 15,298 16,159 12,306 307.8 52.50 May 8, 2024 J-GAAP
Mar, 2025 Guidance 119,383 13,191 13,575 9,784 244.2 52.50 Nov 13, 2024 J-GAAP
YoY +3.1% -13.8% -16.0% -20.5% -20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,729 3,500 3,801 2,665 66.4 12.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 30,739 4,170 3,918 3,458 86.4 13.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 31,540 4,494 4,764 3,545 88.7 14.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 28,659 3,040 3,478 2,590 64.7 10.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 32,352 3,935 3,620 2,576 64.3 12.2 Nov 13, 2024 J-GAAP
YoY +16.7% +12.4% -4.8% -3.3% -3.1%

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