FUKUDA DENSHI, Oct-Dec (3Q) Ordinary Profit Increases by 22%

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Fri Jan 31, 2025 3:30 pm JST Earnings

6960 FUKUDA DENSHI CO.,LTD. 【J-GAAP】

Earnings Report

FUKUDA DENSHI CO.,LTD. <6960> [TSE Std] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 8.2% from the same period last year to 17.9 billion yen. However, the progress rate toward the full-year plan of 23 billion yen was 78.2%, also surpassing the five-year average of 67.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 32.2% from the same period last year to 5.01 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 22.2% from the same period last year, reaching 6.72 billion yen. The operating profit margin rose from 16.3% in the same period last year to 19.2%.

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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	93,481	16,077	16,766	11,606	383.7	66.8	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	99,258	19,286	19,603	13,636	450.8	72.6	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	99,395	17,392	17,990	12,374	429.3	78.2	Jan 31, 2025	J-GAAP
YoY	+0.1%	-9.8%	-8.2%	-9.3%	-4.8%

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	73,782	12,555	12,891	8,883	295.8	105	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	70,686	12,346	11,738	8,794	305.1	85	Oct 31, 2024	J-GAAP
YoY	-4.2%	-1.7%	-8.9%	-1.0%	+3.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	134,648	24,093	25,081	17,278	571.3	170	May 15, 2023	J-GAAP
Mar, 2024	140,323	26,506	26,990	18,693	622.4	185	May 15, 2024	J-GAAP
Mar, 2025 Guidance	135,000	23,000	23,000	16,500	572.4	170	May 15, 2024	J-GAAP
YoY	-3.8%	-13.2%	-14.8%	-11.7%	-8.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	32,717	5,335	5,504	3,826	126.5	16.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	41,065	7,220	7,387	5,057	168.4	17.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	30,341	4,515	4,647	3,031	105.2	14.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	33,973	6,139	6,615	4,675	162.2	18.1	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	35,081	6,738	6,728	4,668	161.9	19.2	Jan 31, 2025	J-GAAP
YoY	+7.2%	+26.3%	+22.2%	+22.0%	+28.0%