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fonfun corporation, First Half Ordinary Profit Increases by 95%, July-September Ordinary Profit Increases by 16%

Wed Nov 13, 2024 5:30 pm JST Earnings

2323 fonfun corporation 【J-GAAP】

Earnings Report

fonfun corporation <2323> [TSE-S] announced its financial results after the market closed on November 13th (17:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 76 million yen, an increase of 94.9% compared to the same period last year. The progress rate against the 163 million yen full-year plan was 46.6%, exceeding the five-year average of 32.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 64.2% from the same period last year, reaching 87 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 16.1% from the same period last year, reaching 36 million yen. The operating profit margin improved from 7.5% in the same period last year to 8.2%.

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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
Apr - Sep, 2022 276 8 9 8 1.3 21.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 332 21 39 82 12.3 42.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 454 58 76 47 7.1 46.6 Nov 13, 2024 J-GAAP
YoY +36.7% +176.2% +94.9% -42.7% -42.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 454 58 76 47 7.1 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

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 0 Nov 13, 2024 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 0 Aug 13, 2024 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
Jul - Sep, 2023 160 12 31 31 4.7 7.5 Nov 13, 2023 J-GAAP
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
YoY +36.9% +50.0% +16.1% -77.4% -77.3%

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