FUTABA INDUSTRIAL, The Current Fiscal Year Ordinary Profit Revised Upward by 36%

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Thu Jan 30, 2025 4:20 pm JST Earnings

7241 FUTABA INDUSTRIAL CO., LTD. 【J-GAAP】

Earnings Report

FUTABA INDUSTRIAL CO., LTD. <7241> [TSE Prime] announced its financial results after the market closed on January 30th (16:20). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 37.2% from the same period last year to 9.8 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 36.4%, from the previous forecast of 11 billion yen to 15 billion yen (compared to 18.4 billion yen in the previous period), and the declining rate is expected to decrease from 40.5% to 18.9%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 53.8%, from the previous forecast of 7.43 billion yen to 11.4 billion yen (compared to 8.96 billion yen in the same period of the previous year), turning to a 27.6% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 6.24 billion yen, an increase of 2.6% compared to the same period last year. However, the operating profit margin worsened from 3.2% in the same period last year to 2.5%.

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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
Apr - Dec, 2022	514,747	2,472	2,434	665	7.4	31.3	Feb 2, 2023	J-GAAP
Apr - Dec, 2023	610,166	16,009	15,609	10,765	120.4	84.4	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	526,489	9,912	9,806	2,792	31.2	65.4	Jan 30, 2025	J-GAAP
YoY	-13.7%	-38.1%	-37.2%	-74.1%	-74.1%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	340,688	7,554	7,435	4,412	49.3	18	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	350,688	9,554	11,435	5,412	60.5	18	Jan 30, 2025	J-GAAP
Revision Rate	+2.9%	+26.5%	+53.8%	+22.7%	+22.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	690,000	13,000	11,000	6,000	67.1	35	Oct 30, 2024	J-GAAP
Mar, 2025 New	700,000	15,000	15,000	7,000	78.2	35	Jan 30, 2025	J-GAAP
Revision Rate	+1.4%	+15.4%	+36.4%	+16.7%	+16.7%

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	392,462	9,768	8,962	6,092	68.1	20	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	350,688	9,554	11,435	5,412	60.5	18	Jan 30, 2025	J-GAAP
YoY	-10.6%	-2.2%	+27.6%	-11.2%	-11.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	708,072	7,681	7,768	10,576	118.3	15	Apr 26, 2023	J-GAAP
Mar, 2024	795,802	19,213	18,489	12,831	143.4	35	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	700,000	15,000	15,000	7,000	78.2	35	Jan 30, 2025	J-GAAP
YoY	-12.0%	-21.9%	-18.9%	-45.4%	-45.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	206,826	6,564	6,082	4,026	45.0	3.2	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	185,636	3,204	2,880	2,066	23.1	1.7	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	186,453	3,614	3,992	2,371	26.5	1.9	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	162,859	1,832	-427	-783	-8.8	1.1	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	177,177	4,466	6,241	1,204	13.5	2.5	Jan 30, 2025	J-GAAP
YoY	-14.3%	-32.0%	+2.6%	-70.1%	-70.1%