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FUSO CHEMICAL CO.,LTD., First Half Ordinary Profit Increases by 27%, July-September Ordinary Profit Increases by 45%

Thu Oct 31, 2024 4:00 pm JST Earnings

4368 FUSO CHEMICAL CO.,LTD. 【J-GAAP】

Earnings Report

FUSO CHEMICAL CO.,LTD. <4368> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.3% from the same period last year, reaching 7.94 billion yen. The progress rate against the 13.7 billion yen full-year plan was 58.0%, also surpassing the five-year average of 48.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 2.0% from the same period last year, reaching 5.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 45.3% from the same period last year, reaching 3.65 billion yen. The operating profit margin jumped from 17.7% in the same period last year to 24.4%.

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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 35,359 9,578 10,757 7,516 213.3 54.5 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 27,135 5,581 6,245 4,287 121.6 52.6 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 34,756 8,145 7,948 5,608 159.1 58.0 Oct 31, 2024 J-GAAP
YoY +28.1% +45.9% +27.3% +30.8% +30.8%

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 34,000 7,200 7,350 5,050 143.2 35 Sep 17, 2024 J-GAAP
Apr - Sep, 2024 Results 34,756 8,145 7,948 5,608 159.1 35 Oct 31, 2024 J-GAAP
Revision Rate +2.2% +13.1% +8.1% +11.0% +11.1%

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 31,835 5,502 5,638 4,056 115.1 33 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,244 5,355 5,752 3,542 100.5 35 Oct 31, 2024 J-GAAP
YoY +4.4% -2.7% +2.0% -12.7% -12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 68,459 18,930 19,740 14,129 400.9 63 May 11, 2023 J-GAAP
Mar, 2024 58,970 11,083 11,883 8,343 236.7 66 May 10, 2024 J-GAAP
Mar, 2025 Guidance 68,000 13,500 13,700 9,150 259.5 70 Sep 17, 2024 J-GAAP
YoY +15.3% +21.8% +15.3% +9.7% +9.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,493 2,387 2,518 1,833 52.0 17.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 16,000 2,645 2,453 1,819 51.6 16.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 15,835 2,857 3,185 2,237 63.5 18.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 17,431 3,910 4,290 2,884 81.8 22.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 17,325 4,235 3,658 2,724 77.3 24.4 Oct 31, 2024 J-GAAP
YoY +28.4% +77.4% +45.3% +48.6% +48.6%

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