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

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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%