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FUJIKURA KASEI CO,.LTD., First Half Ordinary Profit Increases by 42%

Thu Nov 14, 2024 2:00 pm JST Earnings

4620 FUJIKURA KASEI CO,.LTD. 【J-GAAP】

Earnings Report

FUJIKURA KASEI CO,.LTD. <4620> [TSE-S] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.08 billion yen, an increase of 41.5% compared to the same period last year. The progress rate against the 2 billion yen full-year plan was 54.2%, it was below the five-year average of 66.3%.

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 15.2% from the same period last year to 916 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 9.2% from the same period last year, reaching 520 million yen. However, the operating profit margin remained almost flat, changing from 2.5% in the same period last year to 2.5%.

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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 25,530 222 355 133 4.2 66.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 26,271 513 766 374 12.1 41.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 29,030 727 1,084 715 23.6 54.2 Nov 14, 2024 J-GAAP
YoY +10.5% +41.7% +41.5% +91.2% +94.1%

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 28,000 900 1,000 500 16.7 9 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 29,030 727 1,084 715 23.6 9 Nov 14, 2024 J-GAAP
Revision Rate +3.7% -19.2% +8.4% +43.0% +40.9%

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 26,341 786 1,080 701 22.7 8 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,970 1,173 916 485 16.2 9 Nov 14, 2024 J-GAAP
YoY +6.2% +49.2% -15.2% -30.8% -28.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 50,843 351 534 10 0.3 16 May 12, 2023 J-GAAP
Mar, 2024 52,612 1,299 1,846 1,075 34.9 16 May 14, 2024 J-GAAP
Mar, 2025 Guidance 57,000 1,900 2,000 1,200 40.1 18 May 14, 2024 J-GAAP
YoY +8.3% +46.3% +8.3% +11.6% +15.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,428 334 476 272 8.8 2.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 13,650 466 562 344 11.2 3.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 12,691 320 518 357 11.6 2.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 14,506 370 564 382 12.5 2.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 14,524 357 520 333 11.0 2.5 Nov 14, 2024 J-GAAP
YoY +8.2% +6.9% +9.2% +22.4% +24.2%

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