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FLECT Co., Ltd., First Half Ordinary Profit Increases by 76%, July-September Ordinary Profit Increases by 21%

Tue Nov 12, 2024 4:00 pm JST Earnings

4414 FLECT Co., Ltd. 【J-GAAP】

Earnings Report

FLECT Co., Ltd. <4414> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 427 million yen, an increase of 76.4% compared to the same period last year. The progress rate against the 944 million yen full-year plan was 45.2%, exceeding the four-year average of 35.2%.

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 grow by 1.6% from the same period last year, reaching 517 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 21.5% from the same period last year, reaching 249 million yen. However, the operating profit margin decreased from 13.1% in the same period last year to 12.5%.

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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 2,429 46 45 32 5.5 17.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 3,061 243 242 165 27.7 32.2 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 3,909 431 427 257 42.5 45.2 Nov 12, 2024 J-GAAP
YoY +27.7% +77.4% +76.4% +55.8% +53.8%

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 ー ー ー ー － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 3,909 431 427 257 42.5 0 Nov 12, 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 3,867 514 509 275 45.9 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,262 521 517 312 50.9 0 Nov 12, 2024 J-GAAP
YoY +10.2% +1.4% +1.6% +13.5% +10.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,305 258 255 222 37.8 0 May 11, 2023 J-GAAP
Mar, 2024 6,928 757 751 440 73.4 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 8,171 952 944 569 92.8 0 Aug 13, 2024 J-GAAP
YoY +17.9% +25.8% +25.7% +29.3% +26.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,578 206 205 139 23.3 13.1 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 1,864 299 296 202 33.8 16.0 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 2,003 215 213 73 12.2 10.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,904 180 178 107 17.7 9.5 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 2,005 251 249 150 24.8 12.5 Nov 12, 2024 J-GAAP
YoY +27.1% +21.8% +21.5% +7.9% +6.6%

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