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Foster Electric, Oct-Dec (3Q) Ordinary Profit Decreases by 9%, Current Fiscal Year Dividend Revised Upward by 10 yen

Mon Feb 10, 2025 3:30 pm JST Earnings

6794 Foster Electric Company, Limited 【J-GAAP】

Earnings Report

Foster Electric Company, Limited <6794> [TSE Prime] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.81 billion yen, an increase 45.0% compared to the same period last year. The progress rate toward the full-year plan of 6.5 billion yen was 89.4%, it was below the five-year average of 110.7%.

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 surge 2.3 times that of the same period last year, reaching 0.68 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 60 yen (compared to 25 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.7 billion yen, a 8.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.4% in the same period last year to 5.4%.

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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 88,612 723 1,219 -241 -10.9 52.4 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 90,844 3,862 4,007 2,480 111.7 93.1 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 103,474 5,624 5,812 3,169 142.2 89.4 Feb 10, 2025 J-GAAP
YoY +13.9% +45.6% +45.0% +27.8% +27.3%

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 68,388 2,878 2,392 1,137 50.9 30 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 68,388 2,878 2,392 1,137 50.9 40 Feb 10, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 135,000 6,500 6,500 3,500 156.8 50 Nov 11, 2024 J-GAAP
Mar, 2025 New 135,000 6,500 6,500 3,500 156.8 60 Feb 10, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 62,746 2,247 2,166 1,190 53.6 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 68,388 2,878 2,392 1,137 50.9 40 Feb 10, 2025 J-GAAP
YoY +9.0% +28.1% +10.4% -4.5% -4.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 121,338 2,445 2,327 848 38.2 20 May 11, 2023 J-GAAP
Mar, 2024 122,447 4,412 4,305 2,304 103.7 25 May 15, 2024 J-GAAP
Mar, 2025 Guidance 135,000 6,500 6,500 3,500 156.8 60 Feb 10, 2025 J-GAAP
YoY +10.3% +47.3% +51.0% +51.9% +51.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 31,143 1,697 1,868 1,366 61.5 5.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 31,603 550 298 -176 -7.9 1.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 31,687 1,351 1,757 1,106 49.7 4.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 34,925 2,271 2,351 1,257 56.5 6.5 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 36,862 2,002 1,704 806 36.2 5.4 Feb 10, 2025 J-GAAP
YoY +18.4% +18.0% -8.8% -41.0% -41.2%

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