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FUJI SEIKI CO.,LTD., July-September (3Q) Ordinary Profit Decreases by 4%

Thu Nov 14, 2024 3:30 pm JST Earnings

6400 FUJI SEIKI CO.,LTD. 【J-GAAP】

Earnings Report

FUJI SEIKI CO.,LTD. <6400> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 13.9% from the same period last year, reaching 263 million yen. The progress rate against the 299 million yen full-year plan was 88.0%, almost the same as the five-year average of 86.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 78.3% from the same period last year to 36 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 102 million yen, a 3.8% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 3.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 5,759 379 414 293 36.5 82.5 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 6,094 261 231 112 13.9 58.2 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 6,207 281 263 110 13.7 88.0 Nov 14, 2024 J-GAAP
YoY +1.9% +7.7% +13.9% -1.8% -1.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 4,183 274 272 185 22.9 7 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 4,351 154 138 ー － 7 Nov 7, 2024 J-GAAP
YoY +4.0% -43.8% -49.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 7,832 482 502 338 42.1 7 Feb 14, 2023 J-GAAP
Dec, 2023 8,263 424 397 232 28.7 7 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 8,426 352 299 ー － 7 Nov 7, 2024 J-GAAP
YoY +2.0% -17.0% -24.7% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,014 111 106 65 8.0 5.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,169 163 166 120 14.9 7.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,147 120 88 49 6.1 5.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,928 78 73 9 1.1 4.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 2,132 83 102 52 6.5 3.9 Nov 14, 2024 J-GAAP
YoY +5.9% -25.2% -3.8% -20.0% -19.7%

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