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JAPAN FOUNDATION ENGINEERING, The Current Fiscal Year Ordinary Profit Revised Upward by 1%, Dividend Revised Upward by 6 yen

Thu Feb 13, 2025 2:30 pm JST Earnings

1914 JAPAN FOUNDATION ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

JAPAN FOUNDATION ENGINEERING CO.,LTD. <1914> [TSE Std] announced its financial results in the afternoon session on February 13th (14:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.5 times that of the same period last year, reaching 1.98 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 0.8%, from the previous forecast of 1.57 billion yen to 1.59 billion yen (compared to 1.4 billion yen in the previous period), increasing the growth rate from 12.6% to 13.5%.

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) has been revised upward 2.7%, from the previous forecast of 0.44 billion yen to 0.45 billion yen (compared to 0.75 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 41.5% to 39.9%.

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 16 yen to 22 yen (compared to 16 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 6.3 times that of the same period last year, reaching 0.85 billion yen. The operating profit margin improved from 2.8% in the same period last year to 5.5%.

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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 17,587 547 783 436 20.9 77.7 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 16,478 584 785 475 23.7 56.0 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 23,037 1,651 1,989 1,745 89.7 125.1 Feb 13, 2025 J-GAAP
YoY +39.8% +182.7% +153.4% +267.4% +277.8%

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 13,363 222 440 -11 -0.6 16 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 14,063 302 452 374 19.4 22 Feb 13, 2025 J-GAAP
Revision Rate +5.2% +36.0% +2.7% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 27,800 1,400 1,578 1,015 52.7 16 May 14, 2024 J-GAAP
Mar, 2025 New 28,500 1,480 1,590 1,400 72.7 22 Feb 13, 2025 J-GAAP
Revision Rate +2.5% +5.7% +0.8% +37.9% +37.9%

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 12,935 589 752 516 25.8 16 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,063 302 452 374 19.4 22 Feb 13, 2025 J-GAAP
YoY +8.7% -48.7% -39.9% -27.5% -24.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,908 778 1,008 526 25.4 13 May 12, 2023 J-GAAP
Mar, 2024 23,575 1,012 1,401 932 46.6 16 May 14, 2024 J-GAAP
Mar, 2025 Guidance 28,500 1,480 1,590 1,400 72.7 22 Feb 13, 2025 J-GAAP
YoY +20.9% +46.2% +13.5% +50.2% +56.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,838 161 136 59 3.0 2.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 7,097 428 616 457 22.8 6.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 7,112 725 961 777 39.3 10.2 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 7,325 453 177 249 12.7 6.2 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 8,600 473 851 719 36.9 5.5 Feb 13, 2025 J-GAAP
YoY +47.3% +193.8% +525.7% +1,118.6% +1,152.2%

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