Fulltech Co.Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 20%, Dividend Revised Upward by 4 yen

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Thu Nov 14, 2024 3:30 pm JST Earnings

6546 Fulltech Co.Ltd. 【J-GAAP】

Earnings Report

Fulltech Co.Ltd. <6546> [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) expanded to 641 million yen, an increase of 93.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 20.0%, from the previous forecast of 550 million yen to 660 million yen (compared to 495 million yen in the previous period), increasing the growth rate from 11.1% to 33.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 82.1%, from the previous forecast of 134 million yen to 244 million yen (compared to 278 million yen in the same period of the previous year), and the declining rate is expected to decrease from 51.8% to 12.2%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 28 yen to 32 yen (compared to 31 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 97.4% from the same period last year, reaching 225 million yen. The operating profit margin significantly improved from 3.4% in the same period last year to 6.9%.

Kabutan News

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	8,851	-28	52	13	2.6	32.3	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	9,399	295	331	206	38.4	66.9	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	10,004	594	641	421	78.6	97.1	Nov 14, 2024	J-GAAP
YoY	+6.4%	+101.4%	+93.7%	+104.4%	+104.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	7,078	139	134	60	11.2	18	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 New	6,978	219	244	155	28.9	22	Nov 14, 2024	J-GAAP
Revision Rate	-1.4%	+57.6%	+82.1%	+158.3%	+158.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	14,000	520	550	335	62.4	28	Feb 14, 2024	J-GAAP
Dec, 2024 New	13,900	600	660	430	80.1	32	Nov 14, 2024	J-GAAP
Revision Rate	-0.7%	+15.4%	+20.0%	+28.4%	+28.4%

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	6,342	255	278	101	18.8	21	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	6,978	219	244	155	28.9	22	Nov 14, 2024	J-GAAP
YoY	+10.0%	-14.1%	-12.2%	+53.5%	+53.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	11,937	70	161	94	17.5	28	Feb 10, 2023	J-GAAP
Dec, 2023	12,784	448	495	239	44.6	31	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	13,900	600	660	430	80.1	32	Nov 14, 2024	J-GAAP
YoY	+8.7%	+33.9%	+33.3%	+79.9%	+79.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,957	102	114	68	12.7	3.4	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	3,385	153	164	33	6.2	4.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	3,926	288	299	202	37.8	7.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,996	93	117	73	13.6	3.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	3,082	213	225	146	27.3	6.9	Nov 14, 2024	J-GAAP
YoY	+4.2%	+108.8%	+97.4%	+114.7%	+114.7%