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FP Partner, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 62% Decrease

Tue Jul 15, 2025 3:30 pm JST Earnings

7388 FP Partner Inc. 【J-GAAP】

Earnings Report

FP Partner Inc. <7388> [TSE Prime] announced its financial results after the market closed on July 15th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending November 2025 (December 2024 to May 2025) dropped 45.9% from the same period last year to 1.48 billion yen, resulting in a decrease in profits compared to the previous forecast of a 5.5% increase.

In addition, the full-year forecast for ordinary profit has decreased 65.8%, from the previous forecast of 6.14 billion yen to 2.10 billion yen (compared to 5.49 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 61.7% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the June to November period (second half) is expected to significant drop 77.6% from the same period last year to 0.61 billion yen.

In the most recent three-month period, from March to May (2Q), the ordinary profit dropped to 0.68 billion yen, a 49.7% decrease compared to the same period last year. The operating profit margin significantly dropped from 15.0% in the same period last year to 8.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - May, 2022 14,576 2,694 2,777 1,709 74.3 49.5 Jul 14, 2023 J-GAAP
Dec - May, 2023 17,140 2,687 2,751 1,851 80.1 50.1 Jul 16, 2024 J-GAAP
Dec - May, 2024 16,433 1,477 1,487 973 42.4 70.7 Jul 15, 2025 J-GAAP
YoY -4.1% -45.0% -45.9% -47.4% -47.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Guidance 19,760 2,927 2,903 1,918 83.5 47 Jan 14, 2025 J-GAAP
Dec - May, 2024 Results 16,433 1,477 1,487 973 42.4 47 Jul 15, 2025 J-GAAP
Revision Rate -16.8% -49.5% -48.8% -49.3% -49.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Prev 40,232 6,130 6,145 4,041 173.9 94 Jan 14, 2025 J-GAAP
Nov, 2025 New 32,603 2,051 2,102 1,336 57.5 94 Jul 15, 2025 J-GAAP
Revision Rate -19.0% -66.5% -65.8% -66.9% -66.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 18,477 2,643 2,742 2,052 89.3 47 Jan 14, 2025 J-GAAP
Jun - Nov, 2025 Guidance 16,170 574 615 363 15.6 47 Jul 15, 2025 J-GAAP
YoY -12.5% -78.3% -77.6% -82.3% -82.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 30,559 5,554 5,608 3,953 171.7 90 Jan 15, 2024 J-GAAP
Nov, 2024 35,617 5,330 5,493 3,903 169.9 92 Jan 14, 2025 J-GAAP
Nov, 2025 Guidance 32,603 2,051 2,102 1,336 57.5 94 Jul 15, 2025 J-GAAP
YoY -8.5% -61.5% -61.7% -65.8% -66.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Mar - May, 2024 8,808 1,325 1,357 913 39.5 15.0 Jul 16, 2024 J-GAAP
Jun - Aug, 2024 9,842 1,751 1,902 1,275 55.3 17.8 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 8,635 892 840 777 33.8 10.3 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 8,332 797 805 529 23.1 9.6 Apr 14, 2025 J-GAAP
Mar - May, 2025 8,101 680 682 444 19.4 8.4 Jul 15, 2025 J-GAAP
YoY -8.0% -48.7% -49.7% -51.4% -51.0%

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