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FUJI, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 39%, Highest in Four Terms
6134 FUJI CORPORATION 【J-GAAP】
Earnings ReportFUJI CORPORATION <6134> [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 2026 (April to December) expanded 20.0 billion yen, an increase 79.7% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 39.0%, from the previous forecast of 22.8 billion yen to 31.7 billion yen (compared to 15.3 billion yen in the previous period), increasing the growth rate from 48.7% to 2.1 times, reaches new record high for the first time in four terms.
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 (second half) is expected to increase 70.8%, from the previous forecast of 12.5 billion yen to 21.4 billion yen (compared to 8.09 billion yen in the same period of the previous year), increasing the growth rate from 55.3% to 2.7 times.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.5 times that of the same period last year, reaching 9.85 billion yen. The operating profit margin jumped from 10.8% in the same period last year to 19.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 95,668 | 10,613 | 11,965 | 8,204 | 86.5 | 79.7 | Feb 7, 2024 | J-GAAP |
| Apr - Dec, 2024 | 93,565 | 9,788 | 11,174 | 8,449 | 92.1 | 72.9 | Feb 6, 2025 | J-GAAP |
| Apr - Dec, 2025 | 127,291 | 18,847 | 20,079 | 16,072 | 182.6 | 63.3 | Feb 10, 2026 | J-GAAP |
| YoY | +36.0% | +92.6% | +79.7% | +90.2% | +98.2% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 85,458 | 12,409 | 12,572 | 8,612 | 98.0 | 40 | Nov 7, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 103,458 | 21,009 | 21,472 | 15,412 | 175.3 | 40 | Feb 10, 2026 | J-GAAP |
| Revision Rate | +21.1% | +69.3% | +70.8% | +79.0% | +79.0% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 165,000 | 22,000 | 22,800 | 17,600 | 200.2 | 80 | Nov 7, 2025 | J-GAAP |
| Mar, 2026 New | 183,000 | 30,600 | 31,700 | 24,400 | 277.6 | 80 | Feb 10, 2026 | J-GAAP |
| Revision Rate | +10.9% | +39.1% | +39.0% | +38.6% | +38.6% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 64,429 | 7,284 | 8,094 | 5,685 | 62.4 | 40 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 103,458 | 21,009 | 21,472 | 15,412 | 175.3 | 40 | Feb 10, 2026 | J-GAAP |
| YoY | +60.6% | +188.4% | +165.3% | +171.1% | +181.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 127,059 | 13,421 | 15,010 | 10,438 | 110.6 | 80 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 127,387 | 13,781 | 15,328 | 10,906 | 119.6 | 80 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 183,000 | 30,600 | 31,700 | 24,400 | 277.6 | 80 | Feb 10, 2026 | J-GAAP |
| YoY | +43.7% | +122.0% | +106.8% | +123.7% | +132.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 30,607 | 3,291 | 3,940 | 3,228 | 35.2 | 10.8 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 33,822 | 3,993 | 4,154 | 2,457 | 27.0 | 11.8 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 41,521 | 5,199 | 5,631 | 5,683 | 64.5 | 12.5 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 38,021 | 4,392 | 4,597 | 3,305 | 37.5 | 11.6 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 47,749 | 9,256 | 9,851 | 7,084 | 80.5 | 19.4 | Feb 10, 2026 | J-GAAP |
| YoY | +56.0% | +181.3% | +150.0% | +119.5% | +128.7% |
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