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FURYU CORPORATION, First Half Ordinary Profit Decreases by 43%, July-September Ordinary Profit Decreases by 37%

Thu Nov 14, 2024 4:00 pm JST Earnings

6238 FURYU CORPORATION 【J-GAAP】

Earnings Report

FURYU CORPORATION <6238> [TSE-P] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 43.1% from the same period last year to 1.35 billion yen. The progress rate against the 3 billion yen full-year plan was 45.0%, also falling below the five-year average of 58.1%.

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 21.2% from the same period last year, reaching 1.64 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 700 million yen, a 37.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.0% in the same period last year to 5.7%.

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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 17,987 1,584 1,574 1,036 38.0 72.2 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 21,083 2,427 2,374 1,583 59.9 63.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 21,575 1,305 1,351 899 34.0 45.0 Nov 14, 2024 J-GAAP
YoY +2.3% -46.2% -43.1% -43.2% -43.2%

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 14, 2024 J-GAAP
Apr - Sep, 2024 Results 21,575 1,305 1,351 899 34.0 0 Nov 14, 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 21,685 1,344 1,361 908 34.3 39 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,425 1,695 1,649 1,101 41.6 39 Nov 14, 2024 J-GAAP
YoY -1.2% +26.1% +21.2% +21.3% +21.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 36,400 2,134 2,179 1,443 53.6 38 May 12, 2023 J-GAAP
Mar, 2024 42,768 3,771 3,735 2,491 94.2 39 May 14, 2024 J-GAAP
Mar, 2025 Guidance 43,000 3,000 3,000 2,000 75.5 39 May 14, 2024 J-GAAP
YoY +0.5% -20.4% -19.7% -19.7% -19.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,109 1,112 1,112 743 28.1 10.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 11,467 1,086 1,127 768 29.1 9.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 10,218 258 234 140 5.3 2.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 10,046 648 651 436 16.5 6.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 11,529 657 700 463 17.5 5.7 Nov 14, 2024 J-GAAP
YoY +3.8% -40.9% -37.1% -37.7% -37.7%

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