Furukawa Electric, The Current Fiscal Year Ordinary Profit Revised Upward by 28%, Dividend Revised Upward by 30 yen

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Wed Feb 12, 2025 3:30 pm JST Earnings

5801 Furukawa Electric Co., Ltd. 【J-GAAP】

Earnings Report

Furukawa Electric Co., Ltd. <5801> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 36.1 billion yen (compared to a loss of 2.95 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward 27.8%, from the previous forecast of 36 billion yen to 46 billion yen (compared to 10.2 billion yen in the previous period), increasing the growth rate from 3.5 times to 4.5 times.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 58.8%, from the previous forecast of 17 billion yen to 27 billion yen (compared to 13.8 billion yen in the same period of the previous year), increasing the growth rate from 22.5% to 94.6%.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 90 yen to 120 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 26 times that of the same period last year, reaching 17.1 billion yen. The operating profit margin improved from 1.5% in the same period last year to 4.4%.

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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	785,920	6,033	8,752	10,812	153.6	50.7	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	765,299	-555	-2,957	-6,525	-92.7	ー	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	882,015	31,400	36,124	16,360	232.2	78.5	Feb 12, 2025	J-GAAP
YoY	+15.3%	－	－	－	－

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	569,634	20,455	17,011	10,806	153.3	90	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	619,634	24,455	27,011	18,806	266.9	120	Feb 12, 2025	J-GAAP
Revision Rate	+8.8%	+19.6%	+58.8%	+74.0%	+74.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,140,000	38,000	36,000	22,000	312.2	90	Nov 7, 2024	J-GAAP
Mar, 2025 New	1,190,000	42,000	46,000	30,000	425.7	120	Feb 12, 2025	J-GAAP
Revision Rate	+4.4%	+10.5%	+27.8%	+36.4%	+36.4%

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	553,418	15,783	13,883	10,654	151.3	60	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	619,634	24,455	27,011	18,806	266.9	120	Feb 12, 2025	J-GAAP
YoY	+12.0%	+54.9%	+94.6%	+76.5%	+76.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,066,326	15,441	17,258	15,894	225.8	80	May 11, 2023	J-GAAP
Mar, 2024	1,056,528	11,171	10,267	6,508	92.4	60	May 13, 2024	J-GAAP
Mar, 2025 Guidance	1,190,000	42,000	46,000	30,000	425.7	120	Feb 12, 2025	J-GAAP
YoY	+12.6%	+276.0%	+348.0%	+361.0%	+360.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	262,189	4,057	659	-2,379	-33.8	1.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	291,229	11,726	13,224	13,033	185.0	4.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	273,561	3,522	7,051	4,676	66.4	1.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	296,805	14,023	11,938	6,518	92.5	4.7	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	311,649	13,855	17,135	5,166	73.3	4.4	Feb 12, 2025	J-GAAP
YoY	+18.9%	+241.5%	+2,500.2%	－	－