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FUJI, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 3% Decrease

Thu Feb 6, 2025 3:30 pm JST Earnings

6134 FUJI CORPORATION 【J-GAAP】

Earnings Report

FUJI CORPORATION <6134> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 6.6% from the same period last year to 11.1 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 9.9%, from the previous forecast of 16.1 billion yen to 14.5 billion yen (compared to 15 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 3.4% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 18.0%, from the previous forecast of 8.86 billion yen to 7.26 billion yen (compared to 7.19 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 23.2% to 1.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 3.94 billion yen, a 5.1% decrease compared to the same period last year. The operating profit margin decreased from 12.0% in the same period last year to 10.8%.

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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 115,461 20,127 21,909 15,463 160.3 75.5 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 95,668 10,613 11,965 8,204 86.5 79.7 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 93,565 9,788 11,174 8,449 92.1 77.1 Feb 6, 2025 J-GAAP
YoY -2.2% -7.8% -6.6% +3.0% +6.5%

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 70,042 8,303 8,866 7,179 80.5 40 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 64,042 6,503 7,266 5,779 64.8 40 Feb 6, 2025 J-GAAP
Revision Rate -8.6% -21.7% -18.0% -19.5% -19.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 133,000 14,800 16,100 12,400 139.0 80 Aug 2, 2024 J-GAAP
Mar, 2025 New 127,000 13,000 14,500 11,000 123.3 80 Feb 6, 2025 J-GAAP
Revision Rate -4.5% -12.2% -9.9% -11.3% -11.3%

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 64,502 6,783 7,195 5,195 55.0 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 64,042 6,503 7,266 5,779 64.8 40 Feb 6, 2025 J-GAAP
YoY -0.7% -4.1% +1.0% +11.2% +17.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 153,326 27,108 29,016 20,454 212.1 80 May 11, 2023 J-GAAP
Mar, 2024 127,059 13,421 15,010 10,438 110.6 80 May 10, 2024 J-GAAP
Mar, 2025 Guidance 127,000 13,000 14,500 11,000 123.3 80 Feb 6, 2025 J-GAAP
YoY 0.0% -3.1% -3.4% +5.4% +11.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 33,111 3,975 4,150 2,961 31.2 12.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 31,391 2,808 3,045 2,234 23.7 8.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 31,051 3,218 3,943 2,639 28.6 10.4 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 31,907 3,279 3,291 2,582 28.0 10.3 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 30,607 3,291 3,940 3,228 35.2 10.8 Feb 6, 2025 J-GAAP
YoY -7.6% -17.2% -5.1% +9.0% +12.8%

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