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Forum Engineering, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 43%, Oct-Dec Ordinary Profit Increases by 23%

Fri Feb 7, 2025 3:30 pm JST Earnings

7088 Forum Engineering Inc. 【J-GAAP】

Earnings Report

Forum Engineering Inc. <7088> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.47 billion yen, an increase 43.3% compared to the same period last year. The progress rate toward the full-year plan of 4.07 billion yen was 85.5%, also surpassing the five-year average of 80.1%.

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 nearly flat at 0.59 billion yen, up 0.3% from the same period last year.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 22.6% from the same period last year, reaching 1.41 billion yen. The operating profit margin rose from 14.0% in the same period last year to 15.3%.

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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 21,474 1,017 1,017 691 13.4 62.8 Feb 2, 2023 J-GAAP
Apr - Dec, 2023 23,492 2,422 2,428 1,632 31.6 80.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 26,052 3,417 3,479 2,330 44.5 85.5 Feb 7, 2025 J-GAAP
YoY +10.9% +41.1% +43.3% +42.8% +41.1%

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 15,975 1,753 1,742 1,183 22.9 37.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 17,645 1,972 2,005 1,347 25.7 29 Nov 8, 2024 J-GAAP
YoY +10.5% +12.5% +15.1% +13.9% +12.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 28,751 1,622 1,619 1,163 22.6 25 May 12, 2023 J-GAAP
Mar, 2024 31,279 3,029 3,017 2,039 39.4 37.50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 34,600 4,000 4,070 2,725 52.0 50 Nov 8, 2024 J-GAAP
YoY +10.6% +32.1% +34.9% +33.6% +32.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,188 1,146 1,153 776 15.0 14.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 7,787 607 589 407 7.9 7.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,528 1,141 1,160 774 14.8 13.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,427 887 905 604 11.6 10.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 9,097 1,389 1,414 952 18.2 15.3 Feb 7, 2025 J-GAAP
YoY +11.1% +21.2% +22.6% +22.7% +21.2%

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