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Furukawa Battery, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 3.1 times, Oct-Dec Ordinary Profit Increases by 2.2 times

Fri Feb 7, 2025 2:00 pm JST Earnings

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

Earnings Report

The Furukawa Battery Co.,Ltd. <6937> [TSE Prime] announced its financial results in the afternoon session on February 7th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 3.1 times that of the same period last year, reaching 3.59 billion yen. The progress rate toward the full-year plan of 4.1 billion yen was 87.7%, also surpassing the five-year average of 42.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 77.4% from the same period last year to 0.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 2.22 billion yen. The operating profit margin significantly improved from 4.9% in the same period last year to 9.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 48,224 132 318 -567 -17.3 14.5 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 53,319 1,058 1,177 1,261 38.5 34.4 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 59,790 3,342 3,594 840 25.7 87.7 Feb 7, 2025 J-GAAP
YoY +12.1% +215.9% +205.4% -33.4% -33.3%

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 43,025 3,191 3,253 1,980 60.4 21 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 42,619 2,731 2,726 2,491 76.0 0 Nov 7, 2024 J-GAAP
YoY -0.9% -14.4% -16.2% +25.8% +25.8%

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%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 20,889 1,016 1,013 667 20.4 4.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 22,136 2,175 2,240 1,313 40.1 9.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 17,169 -246 -129 -270 -8.3 -1.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 20,212 1,515 1,503 -461 -14.1 7.5 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 22,409 2,073 2,220 1,571 48.0 9.3 Feb 7, 2025 J-GAAP
YoY +7.3% +104.0% +119.2% +135.5% +135.7%

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