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fureasu Co.,Ltd, July-September (2Q) Ordinary Profit Turns to Profit

Thu Nov 14, 2024 3:30 pm JST Earnings

7062 fureasu Co.,Ltd 【J-GAAP】

Earnings Report

fureasu Co.,Ltd <7062> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 62 million yen (compared to a profit of 50 million yen in the same period last year).

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 expand by 85.5% from the same period last year, reaching 141 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 9 million yen (compared to a loss of 5 million yen in the same period last year). The operating profit/loss margin improved from -0.4% in the same period last year to 0.9%.

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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 2,206 -18 -15 -24 -10.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 2,733 52 50 19 8.2 39.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 3,569 -41 -62 -65 -27.9 Nov 14, 2024 J-GAAP
YoY +30.6%

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 3,723 -3 -66 -33 -14.0 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 3,569 -41 -62 -65 -27.9 0 Nov 14, 2024 J-GAAP
Revision Rate -4.1% -1,266.7% +6.1% -97.0% -99.1%

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 2,977 58 76 39 16.7 10.57 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,493 241 141 100 41.9 10.57 Nov 14, 2024 J-GAAP
YoY +50.9% +315.5% +85.5% +156.4% +151.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,584 14 70 31 13.5 10.57 May 15, 2023 J-GAAP
Mar, 2024 5,710 110 126 58 24.8 10.57 May 14, 2024 J-GAAP
Mar, 2025 Guidance 8,062 200 79 35 14.7 10.57 May 14, 2024 J-GAAP
YoY +41.2% +81.8% -37.3% -39.7% -40.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,371 -5 -5 -10 -4.3 -0.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,482 28 54 31 13.4 1.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,495 30 22 8 3.4 2.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,653 -59 -71 -56 -24.2 -3.6 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,916 18 9 -9 -3.9 0.9 Nov 14, 2024 J-GAAP
YoY +39.8% +10.0% +10.0%

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