Fusion, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 78%, Sep-Nov Ordinary Profit Decreases by 80%

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Tue Jan 14, 2025 3:30 pm JST Earnings

3977 Fusion Co.,Ltd. 【J-GAAP】

Earnings Report

Fusion Co.,Ltd. <3977> [SSE Ambs] announced its financial results after the market closed on January 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) significantly dropped 78.0% from the same period last year to 9 million yen. The progress rate toward the full-year plan of 50 million yen was 18.0%, also falling below the five-year average of 82.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to February period (4Q) is expected to surge 4.6 times that of the same period last year, reaching 41 million yen.

In the most recent three-month period, from September to November (3Q), the ordinary profit significantly dropped to 5 million yen, a 80.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.7% in the same period last year to 1.3%.

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
Mar - Nov, 2022	1,038	51	53	44	30.9	94.6	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	1,121	41	41	39	27.7	82.0	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	1,113	12	9	8	6.1	18.0	Jan 14, 2025	J-GAAP
YoY	-0.7%	-70.7%	-78.0%	-79.5%	-78.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	717	34	34	35	24.6	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	870	44	46	40	27.8	0	Oct 11, 2024	J-GAAP
YoY	+21.3%	+29.4%	+35.3%	+14.3%	+13.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	1,455	54	56	44	30.8	0	Apr 14, 2023	J-GAAP
Feb, 2024	1,467	50	50	52	36.5	0	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	1,600	51	50	43	29.9	0	Apr 12, 2024	J-GAAP
YoY	+9.1%	+2.0%	0.0%	-17.3%	-18.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	371	25	25	22	15.6	6.7	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	346	9	9	13	9.1	2.6	Apr 12, 2024	J-GAAP
Mar - May, 2024	427	23	20	19	13.9	5.4	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	303	-16	-16	-16	-14.5	-5.3	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	383	5	5	5	3.8	1.3	Jan 14, 2025	J-GAAP
YoY	+3.2%	-80.0%	-80.0%	-77.3%	-75.7%