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

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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%