FURYU CORPORATION, First Half Ordinary Profit Decreases by 43%, July-September Ordinary Profit Decreases by 37%

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Thu Nov 14, 2024 4:00 pm JST Earnings

6238 FURYU CORPORATION 【J-GAAP】

Earnings Report

FURYU CORPORATION <6238> [TSE-P] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 43.1% from the same period last year to 1.35 billion yen. The progress rate against the 3 billion yen full-year plan was 45.0%, also falling below the five-year average of 58.1%.

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 grow by 21.2% from the same period last year, reaching 1.64 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 700 million yen, a 37.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.0% in the same period last year to 5.7%.

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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	17,987	1,584	1,574	1,036	38.0	72.2	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	21,083	2,427	2,374	1,583	59.9	63.6	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	21,575	1,305	1,351	899	34.0	45.0	Nov 14, 2024	J-GAAP
YoY	+2.3%	-46.2%	-43.1%	-43.2%	-43.2%

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	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	21,575	1,305	1,351	899	34.0	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	21,685	1,344	1,361	908	34.3	39	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,425	1,695	1,649	1,101	41.6	39	Nov 14, 2024	J-GAAP
YoY	-1.2%	+26.1%	+21.2%	+21.3%	+21.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	36,400	2,134	2,179	1,443	53.6	38	May 12, 2023	J-GAAP
Mar, 2024	42,768	3,771	3,735	2,491	94.2	39	May 14, 2024	J-GAAP
Mar, 2025 Guidance	43,000	3,000	3,000	2,000	75.5	39	May 14, 2024	J-GAAP
YoY	+0.5%	-20.4%	-19.7%	-19.7%	-19.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,109	1,112	1,112	743	28.1	10.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	11,467	1,086	1,127	768	29.1	9.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	10,218	258	234	140	5.3	2.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	10,046	648	651	436	16.5	6.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	11,529	657	700	463	17.5	5.7	Nov 14, 2024	J-GAAP
YoY	+3.8%	-40.9%	-37.1%	-37.7%	-37.7%