fonfun, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 56%, Current Fiscal Year Dividend Revised to 3 yen

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Thu Feb 13, 2025 4:00 pm JST Earnings

2323 fonfun corporation 【J-GAAP】

Earnings Report

fonfun corporation <2323> [TSE Std] announced its financial results after the market closed on February 13th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 106 million yen, an increase 55.9% compared to the same period last year. The progress rate toward the full-year plan of 163 million yen was 65.0%, exceeding the five-year average of 60.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to surge 2.4 times that of the same period last year, reaching 57 million yen.

At the same time, the company, which had previously planned no dividend for the current fiscal year, has decided to implement a year-end lump-sum dividend of 3 yen (compared to no dividend before the 2-for-1 forward stock split in the previous term).

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 3.4% from the same period last year, reaching 30 million yen. However, the operating profit margin sharply declined from 17.5% in the same period last year to 7.7%.

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	461	30	30	29	4.5	71.4	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	503	51	68	111	16.7	73.9	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	857	89	106	76	11.2	65.0	Feb 13, 2025	J-GAAP
YoY	+70.4%	+74.5%	+55.9%	-31.5%	-32.8%

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	815	75	87	100	14.3	0	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	815	75	87	100	14.3	3	Feb 13, 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	1,269	133	163	147	21.0	0	Aug 13, 2024	J-GAAP
Mar, 2025 New	1,269	133	163	147	21.0	3	Feb 13, 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	367	53	53	-14	-2.1	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	815	75	87	100	14.3	3	Feb 13, 2025	J-GAAP
YoY	+122.1%	+41.5%	+64.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	638	43	42	40	6.0	0	May 15, 2023	J-GAAP
Mar, 2024	699	74	92	68	10.2	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	1,269	133	163	147	21.0	3	Feb 13, 2025	J-GAAP
YoY	+81.5%	+79.7%	+77.2%	+116.2%	+105.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	171	30	29	29	4.4	17.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	196	23	24	-43	-6.5	11.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	235	40	40	40	6.1	17.0	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	219	18	36	7	1.1	8.2	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	403	31	30	29	4.3	7.7	Feb 13, 2025	J-GAAP
YoY	+135.7%	+3.3%	+3.4%	0.0%	-1.8%