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FUJI OIL, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 60% Decrease

Fri Feb 7, 2025 3:30 pm JST Earnings

2607 FUJI OIL CO., LTD. 【J-GAAP】

Earnings Report

FUJI OIL HOLDINGS INC. <2607> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 2.23 billion yen (compared to a profit of 11.6 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has decreased 63.8%, from the previous forecast of 18.5 billion yen to 6.7 billion yen (compared to 16.7 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 60.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 73.1%, from the previous forecast of 16.1 billion yen to 4.33 billion yen (compared to 8.49 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 49.0% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 4.6 billion yen (compared to a profit of 3.32 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 2.7% in the same period last year to -2.4%.

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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 416,687 8,776 8,375 5,062 58.9 86.4 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 421,538 12,897 11,629 4,972 57.8 69.3 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 491,888 504 -2,235 -3,230 -37.6 ー Feb 7, 2025 J-GAAP
YoY +16.7% -96.1% － － －

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 329,043 17,529 14,749 9,991 116.2 26 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 339,043 5,029 2,949 791 9.2 26 Feb 7, 2025 J-GAAP
Revision Rate +3.0% -71.3% -80.0% -92.1% -92.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 645,000 23,500 18,500 12,000 139.6 52 Nov 11, 2024 J-GAAP
Mar, 2025 New 655,000 11,000 6,700 2,800 32.6 52 Feb 7, 2025 J-GAAP
Revision Rate +1.6% -53.2% -63.8% -76.7% -76.7%

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 293,049 9,413 8,491 -5,841 -68.0 26 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 339,043 5,029 2,949 791 9.2 26 Feb 7, 2025 J-GAAP
YoY +15.7% -46.6% -65.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 557,410 10,940 9,690 6,126 71.3 52 May 10, 2023 J-GAAP
Mar, 2024 564,087 18,213 16,791 6,524 75.9 52 May 9, 2024 J-GAAP
Mar, 2025 Guidance 655,000 11,000 6,700 2,800 32.6 52 Feb 7, 2025 J-GAAP
YoY +16.1% -39.6% -60.1% -57.1% -57.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 150,500 4,097 3,329 -7,393 -86.0 2.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 142,549 5,316 5,162 1,552 18.1 3.7 May 9, 2024 J-GAAP
Apr - Jun, 2024 152,366 7,932 7,091 5,258 61.2 5.2 Aug 9, 2024 IFRS
Jul - Sep, 2024 163,591 -1,961 -3,340 -3,249 -37.8 -1.2 Nov 11, 2024 IFRS
Oct - Dec, 2024 175,929 -4,151 -4,602 -4,237 -49.3 -2.4 Feb 7, 2025 J-GAAP
YoY +16.9% － － +42.7% +42.7%

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