Furukawa Battery, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 3.1 times, Oct-Dec Ordinary Profit Increases by 2.2 times

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Fri Feb 7, 2025 2:00 pm JST Earnings

6937 The Furukawa Battery Co.,Ltd. 【J-GAAP】

Earnings Report

The Furukawa Battery Co.,Ltd. <6937> [TSE Prime] announced its financial results in the afternoon session on February 7th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 3.1 times that of the same period last year, reaching 3.59 billion yen. The progress rate toward the full-year plan of 4.1 billion yen was 87.7%, also surpassing the five-year average of 42.0%.

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 significant drop 77.4% from the same period last year to 0.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 2.22 billion yen. The operating profit margin significantly improved from 4.9% in the same period last year to 9.3%.

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
Apr - Dec, 2022	48,224	132	318	-567	-17.3	14.5	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	53,319	1,058	1,177	1,261	38.5	34.4	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	59,790	3,342	3,594	840	25.7	87.7	Feb 7, 2025	J-GAAP
YoY	+12.1%	+215.9%	+205.4%	-33.4%	-33.3%

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	43,025	3,191	3,253	1,980	60.4	21	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	42,619	2,731	2,726	2,491	76.0	0	Nov 7, 2024	J-GAAP
YoY	-0.9%	-14.4%	-16.2%	+25.8%	+25.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	69,538	1,900	2,193	797	24.3	19	May 11, 2023	J-GAAP
Mar, 2024	75,455	3,233	3,417	2,574	78.6	21	May 13, 2024	J-GAAP
Mar, 2025 Guidance	80,000	4,000	4,100	1,760	53.7	0	Sep 26, 2024	J-GAAP
YoY	+6.0%	+23.7%	+20.0%	-31.6%	-31.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	20,889	1,016	1,013	667	20.4	4.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	22,136	2,175	2,240	1,313	40.1	9.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	17,169	-246	-129	-270	-8.3	-1.4	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	20,212	1,515	1,503	-461	-14.1	7.5	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	22,409	2,073	2,220	1,571	48.0	9.3	Feb 7, 2025	J-GAAP
YoY	+7.3%	+104.0%	+119.2%	+135.5%	+135.7%