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FELISSIMO CORPORATION, First Half Ordinary Profit Decreases by 54%

Fri Oct 4, 2024 3:00 pm JST Earnings

3396 FELISSIMO CORPORATION 【J-GAAP】

Earnings Report

FELISSIMO CORPORATION <3396> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 54.3% from the same period last year to 16 million yen. The progress rate against the 450 million yen full-year plan was 3.6%, also falling below the five-year average of 66.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 434 million yen (compared to a loss of 647 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit surged to 4.3 times that of the same period last year, reaching 17 million yen. The operating profit/loss margin improved from -1.4% in the same period last year to 1.2%.

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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
Mar - Aug, 2022 16,066 439 732 622 87.5 89.5 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 15,056 -116 35 -46 -6.5 ー Oct 5, 2023 J-GAAP
Mar - Aug, 2024 14,254 -15 16 -24 -3.5 3.6 Oct 4, 2024 J-GAAP
YoY -5.3% +87.1% -54.3% +47.8% +46.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 14,254 -15 16 -24 -3.4 0 Sep 27, 2024 J-GAAP
Mar - Aug, 2024 Results 14,254 -15 16 -24 -3.5 0 Oct 4, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -4.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 14,551 -815 -647 -812 -114.0 15 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 16,951 384 434 409 57.4 15 Sep 27, 2024 J-GAAP
YoY +16.5% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 32,160 440 818 671 94.3 15 Apr 7, 2023 J-GAAP
Feb, 2024 29,607 -931 -612 -858 -120.5 15 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 31,205 369 450 385 54.1 15 Apr 5, 2024 J-GAAP
YoY +5.4% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 7,263 -101 4 -33 -4.7 -1.4 Oct 5, 2023 J-GAAP
Sep - Nov, 2023 6,814 -648 -565 -611 -85.9 -9.5 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 7,737 -167 -82 -201 -28.2 -2.2 Apr 5, 2024 J-GAAP
Mar - May, 2024 7,251 -102 -1 -69 -9.7 -1.4 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 7,003 87 17 45 6.6 1.2 Oct 4, 2024 J-GAAP
YoY -3.6% － +325.0% － －

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