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FTGroup, The Current Fiscal Year Net Income Revised Upward to an Unexpected 17% Increase, Raises Record High Profit

Mon Feb 10, 2025 3:00 pm JST Earnings

2763 FTGroup CO.,LTD. 【IFRS】

Earnings Report

FTGroup CO.,LTD. <2763> [TSE Std] announced its financial results (based on IFRS) in the afternoon session on February 10th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.35 billion yen, an increase 39.8% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward 44.2%, from the previous forecast of 4.3 billion yen to 6.2 billion yen (compared to 5.28 billion yen in the previous period), record profits reach two consecutive terms, turning to a 17.3% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) has been revised upward 6.6 times, from the previous forecast of 0.33 billion yen to 2.23 billion yen (compared to 2.56 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 86.8% to 12.6%.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 25.7% from the same period last year, reaching 1.38 billion yen. The operating profit margin rose from 18.2% in the same period last year to 22.6%.

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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 30,510 4,769 4,833 3,083 100.1 82.6 Feb 10, 2023 IFRS
Apr - Dec, 2023 27,045 5,585 5,601 3,828 125.9 72.7 Feb 9, 2024 IFRS
Apr - Dec, 2024 26,049 7,485 7,524 5,351 177.8 ー Feb 10, 2025 IFRS
YoY -3.7% +34.0% +34.3% +39.8% +41.3%

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 15,276 1,095 ー 338 11.4 35 Nov 11, 2024 IFRS
Oct - Mar, 2024 New 16,276 3,295 ー 2,238 75.3 35 Feb 10, 2025 IFRS
Revision Rate +6.5% +200.9% － +562.1% +562.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 33,000 6,700 ー 4,300 144.6 55 May 14, 2024 IFRS
Mar, 2025 New 34,000 8,900 ー 6,200 208.6 55 Feb 10, 2025 IFRS
Revision Rate +3.0% +32.8% － +44.2% +44.2%

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 18,251 3,711 3,714 2,561 84.4 35 May 14, 2024 IFRS
Oct - Mar, 2024 Guidance 16,276 3,295 ー 2,238 75.3 35 Feb 10, 2025 IFRS
YoY -10.8% -11.2% － -12.6% -10.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 40,698 5,837 5,851 3,625 118.0 55 May 12, 2023 IFRS
Mar, 2024 36,480 7,694 7,705 5,284 174.0 55 May 14, 2024 IFRS
Mar, 2025 Guidance 34,000 8,900 ー 6,200 208.6 55 Feb 10, 2025 IFRS
YoY -6.8% +15.7% － +17.3% +19.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,816 1,602 1,610 1,105 36.3 18.2 Feb 9, 2024 IFRS
Jan - Mar, 2024 9,435 2,109 2,104 1,456 48.0 22.4 May 14, 2024 IFRS
Apr - Jun, 2024 8,387 1,999 1,996 1,370 45.5 23.8 Aug 9, 2024 IFRS
Jul - Sep, 2024 9,337 3,606 3,600 2,592 86.0 38.6 Nov 11, 2024 IFRS
Oct - Dec, 2024 8,325 1,880 1,928 1,389 46.2 22.6 Feb 10, 2025 IFRS
YoY -5.6% +17.4% +19.8% +25.7% +27.1%

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