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The Furukawa Battery Co.,Ltd., The Current Fiscal Year Net Income Revised Downward to an Unexpected 32% Decrease

Thu Sep 26, 2024 4:00 pm JST Revision

6937 The Furukawa Battery Co.,Ltd. 【J-GAAP】

Guidance Update Report

The Furukawa Battery Co.,Ltd. <6937> [TSE-P] announced a performance revision after the market closed on September 26th (16:00). The consolidated net income for the fiscal year ending March 2025 has downwardly by 43.2%, from the previous forecast of 3.1 billion yen to 1.76 billion yen (compared to 2.57 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 31.6% decrease in profit.

Furthermore, The company continued to decline to disclose its earnings forecast for April to September.

Kabutan News

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 80,000 4,000 4,100 3,100 94.6 0 Jul 23, 2024 J-GAAP
Mar, 2025 New 80,000 4,000 4,100 1,760 53.7 0 Sep 26, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -43.2% -43.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 32,430 42 164 594 18.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 Guidance May 13, 2024 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 69,538 1,900 2,193 797 24.3 19 May 11, 2023 J-GAAP
Mar, 2024 75,455 3,233 3,417 2,574 78.6 21 May 13, 2024 J-GAAP
Mar, 2025 Guidance 80,000 4,000 4,100 1,760 53.7 0 Sep 26, 2024 J-GAAP
YoY +6.0% +23.7% +20.0% -31.6% -31.6%

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