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FUKUDA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%, Dividend Revised Upward by 50 Yen

Fri Nov 7, 2025 3:30 pm JST Earnings

1899 FUKUDA CORPORATION 【J-GAAP】

Earnings Report

FUKUDA CORPORATION <1899> [TSE Prime] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) increased 10.7% from the same period last year, reaching 6.59 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 15.9%, from the previous forecast of 6.30 billion yen to 7.30 billion yen (compared to 7.95 billion yen in the previous period), and the declining rate is expected to decrease from 20.8% to 8.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward 40.0%, from the previous forecast of 2.49 billion yen to 3.49 billion yen (compared to 4.24 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 41.2% to 17.7%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 200 yen to 250 yen (compared to 200 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew 24.2% from the same period last year, reaching 2.79 billion yen. The operating profit margin improved from 5.4% in the same period last year to 6.7%.

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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
Jan - Sep, 2023 111,976 3,361 3,552 2,226 262.5 64.8 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 116,602 5,735 5,955 3,948 477.2 74.8 Nov 8, 2024 J-GAAP
Jan - Sep, 2025 119,732 6,430 6,592 4,452 537.8 90.3 Nov 7, 2025 J-GAAP
YoY +2.7% +12.1% +10.7% +12.8% +12.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 89,497 2,404 2,498 1,745 210.7 200 Aug 7, 2025 J-GAAP
Jul - Dec, 2025 New 92,497 3,404 3,498 2,245 271.1 250 Nov 7, 2025 J-GAAP
Revision Rate +3.4% +41.6% +40.0% +28.7% +28.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 167,000 6,000 6,300 4,300 519.3 200 Feb 14, 2025 J-GAAP
Dec, 2025 New 170,000 7,000 7,300 4,800 579.7 250 Nov 7, 2025 J-GAAP
Revision Rate +1.8% +16.7% +15.9% +11.6% +11.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 90,871 4,135 4,249 2,849 344.3 200 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 92,497 3,404 3,498 2,245 271.1 250 Nov 7, 2025 J-GAAP
YoY +1.8% -17.7% -17.7% -21.2% -21.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 162,243 5,205 5,478 3,386 400.1 110 Feb 14, 2024 J-GAAP
Dec, 2024 166,589 7,665 7,957 5,309 641.6 200 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 170,000 7,000 7,300 4,800 579.7 250 Nov 7, 2025 J-GAAP
YoY +2.0% -8.7% -8.3% -9.6% -9.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 40,884 2,205 2,247 1,488 179.9 5.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 49,987 1,930 2,002 1,361 164.5 3.9 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 40,263 2,273 2,369 1,537 185.7 5.6 May 9, 2025 J-GAAP
Apr - Jun, 2025 37,240 1,323 1,433 1,018 123.0 3.6 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 42,229 2,834 2,790 1,897 229.2 6.7 Nov 7, 2025 J-GAAP
YoY +3.3% +28.5% +24.2% +27.5% +27.4%

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