kabutan

FUKUVI CHEMICAL INDUSTRY CO.,LTD., First Half Ordinary Profit Decreases by 30%, July-September Ordinary Profit Decreases by 50%

Thu Nov 14, 2024 4:00 pm JST Earnings

7871 FUKUVI CHEMICAL INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

FUKUVI CHEMICAL INDUSTRY CO.,LTD. <7871> [TSE-S] 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) decreased by 29.9% from the same period last year to 700 million yen. The progress rate against the 2.13 billion yen full-year plan was 32.9%, also falling below the five-year average of 40.7%.

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 27.8% from the same period last year, reaching 1.43 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 237 million yen, a 49.7% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 3.4%.

Kabutan News

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 19,355 508 758 599 29.3 39.9 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 19,580 771 998 682 34.3 47.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 19,612 635 700 472 23.6 32.9 Nov 14, 2024 J-GAAP
YoY +0.2% -17.6% -29.9% -30.8% -31.1%

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 19,780 670 770 570 28.5 10.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 19,612 635 700 472 23.6 10.50 Nov 14, 2024 J-GAAP
Revision Rate -0.8% -5.2% -9.1% -17.2% -17.1%

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 20,155 982 1,119 1,022 51.4 15.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,188 1,165 1,430 1,253 63.5 15.50 Nov 14, 2024 J-GAAP
YoY +5.1% +18.6% +27.8% +22.6% +23.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,567 1,554 1,902 1,482 73.3 22 May 15, 2023 J-GAAP
Mar, 2024 39,735 1,753 2,117 1,704 85.6 31 May 14, 2024 J-GAAP
Mar, 2025 Guidance 40,800 1,800 2,130 1,725 87.5 26 May 14, 2024 J-GAAP
YoY +2.7% +2.7% +0.6% +1.2% +2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,728 421 471 304 15.3 4.3 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 10,719 719 758 741 37.2 6.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,436 263 361 281 14.1 2.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,562 290 463 350 17.6 3.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,050 345 237 122 6.1 3.4 Nov 14, 2024 J-GAAP
YoY +3.3% -18.1% -49.7% -59.9% -60.0%

Related Articles