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FUJI ELECTRIC INDUSTRY, February-October (Third Quarter Cumulative) Ordinary Profit Decreases by 1%, Exceeds Full-Year Plan

Tue Dec 3, 2024 3:30 pm JST Earnings

6654 FUJI ELECTRIC INDUSTRY CO., LTD. 【J-GAAP】

Earnings Report

FUJI ELECTRIC INDUSTRY CO., LTD. <6654> [TSE Std] announced its financial results after the market closed on December 3rd (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) was 310 million yen, a 1.3% decrease compared to the same period last year. The progress rate against the full-year plan of 300 million yen is 103.3%, already exceeding the target and also exceeding the five-year average of 76.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the November to January period (4Q) is expected to turn into a loss of 10 million yen (compared to a profit of 111 million yen in the same period last year).

In the most recent three-month period, from August to October (3Q), the ordinary profit decreased to 74 million yen, a 26.7% decrease compared to the same period last year. The operating profit margin decreased from 10.4% in the same period last year to 7.9%.

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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
Feb - Oct, 2022 2,798 268 291 204 36.2 77.8 Dec 6, 2022 J-GAAP
Feb - Oct, 2023 2,747 296 314 290 52.3 73.9 Dec 5, 2023 J-GAAP
Feb - Oct, 2024 2,902 291 310 209 38.0 103.3 Dec 3, 2024 J-GAAP
YoY +5.6% -1.7% -1.3% -27.9% -27.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 1,899 199 212 131 23.7 19 Mar 12, 2024 J-GAAP
Aug - Jan, 2024 Guidance 1,795 63 64 50 9.3 16 Aug 28, 2024 J-GAAP
YoY -5.5% -68.3% -69.8% -61.8% -60.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 3,707 350 374 262 46.8 32 Mar 9, 2023 J-GAAP
Jan, 2024 3,723 399 425 349 63.1 35 Mar 12, 2024 J-GAAP
Jan, 2025 Guidance 3,785 282 300 209 39.0 32 Jun 4, 2024 J-GAAP
YoY +1.7% -29.3% -29.4% -40.1% -38.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 923 96 101 72 13.0 10.4 Dec 5, 2023 J-GAAP
Nov - Jan, 2023 976 103 111 59 10.7 10.6 Mar 12, 2024 J-GAAP
Feb - Apr, 2024 979 103 106 73 13.2 10.5 Jun 4, 2024 J-GAAP
May - Jul, 2024 1,011 116 130 86 15.5 11.5 Sep 3, 2024 J-GAAP
Aug - Oct, 2024 912 72 74 50 9.1 7.9 Dec 3, 2024 J-GAAP
YoY -1.2% -25.0% -26.7% -30.6% -30.0%

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