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Focus Systems Corporation, First Half Ordinary Profit Increases by 30%

Fri Nov 8, 2024 3:30 pm JST Earnings

4662 Focus Systems Corporation 【J-GAAP】

Earnings Report

Focus Systems Corporation <4662> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 29.5% from the same period last year, reaching 834 million yen. However, The progress rate against the 2.1 billion yen full-year plan was 39.7%, also falling below the five-year average of 47.5%.

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 decrease by 4.6% from the same period last year to 1.26 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 16.9% from the same period last year, reaching 499 million yen. The operating profit margin improved from 5.3% in the same period last year to 6.2%.

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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 14,238 1,103 1,165 797 52.9 61.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 15,166 651 644 439 29.1 32.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 15,962 818 834 569 37.7 39.7 Nov 8, 2024 J-GAAP
YoY +5.2% +25.7% +29.5% +29.6% +29.5%

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 － 6 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 15,962 818 834 569 37.7 6 Nov 8, 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 16,343 1,323 1,327 967 64.1 32 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,538 1,282 1,266 861 57.0 32 Nov 8, 2024 J-GAAP
YoY +1.2% -3.1% -4.6% -11.0% -11.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 29,124 1,894 1,911 1,390 92.2 35 May 12, 2023 J-GAAP
Mar, 2024 31,509 1,974 1,971 1,406 93.1 38 May 10, 2024 J-GAAP
Mar, 2025 Guidance 32,500 2,100 2,100 1,430 94.6 38 May 10, 2024 J-GAAP
YoY +3.1% +6.4% +6.5% +1.7% +1.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,856 415 427 291 19.3 5.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 7,860 569 568 385 25.5 7.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,483 754 759 582 38.6 8.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,998 323 335 229 15.2 4.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,964 495 499 340 22.5 6.2 Nov 8, 2024 J-GAAP
YoY +1.4% +19.3% +16.9% +16.8% +16.8%

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