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Feedforce Group, First Half Ordinary Profit Increases by 2%

Thu Dec 26, 2024 3:30 pm JST Earnings

7068 Feedforce Group Inc. 【J-GAAP】

Earnings Report

Feedforce Group Inc. <7068> [TSE Growth] announced its financial results after the market closed on December 26th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) was 637 million yen, a 2.4% increase compared to the same period last year. However, the progress rate toward the full-year plan of 1.78 billion yen was 35.8%, also falling below the five-year average of 40.3%.

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 December to May period (2H) is expected to surge 2.1 times that of the same period last year, reaching 1.14 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit amounted to 297 million yen, a 1.0% decrease compared to the same period last year. However, the operating profit margin rose from 29.0% in the same period last year to 30.5%.

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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
Jun - Nov, 2022 1,880 402 398 -116 -4.5 39.0 Dec 28, 2022 J-GAAP
Jun - Nov, 2023 2,143 647 622 175 6.7 53.3 Dec 27, 2023 J-GAAP
Jun - Nov, 2024 2,084 666 637 400 15.8 35.8 Dec 26, 2024 J-GAAP
YoY -2.8% +2.9% +2.4% +128.6% +134.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 2,144 754 744 490 19.3 5 Nov 21, 2024 J-GAAP
Jun - Nov, 2024 Results 2,084 666 637 400 15.8 5 Dec 26, 2024 J-GAAP
Revision Rate -2.8% -11.7% -14.4% -18.4% -18.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 2,086 590 544 298 11.5 0 Jun 27, 2024 J-GAAP
Dec - May, 2024 Guidance 2,496 1,134 1,144 772 30.9 5 Dec 26, 2024 J-GAAP
YoY +19.7% +92.2% +110.3% +159.1% +168.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 3,966 1,029 1,020 112 4.3 0 Jun 29, 2023 J-GAAP
May, 2024 4,229 1,237 1,166 473 18.2 0 Jun 27, 2024 J-GAAP
May, 2025 Guidance 4,580 1,800 1,781 1,172 46.8 10 Nov 21, 2024 J-GAAP
YoY +8.3% +45.5% +52.7% +147.8% +156.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,077 312 300 -125 -4.8 29.0 Dec 27, 2023 J-GAAP
Dec - Feb, 2023 987 238 228 107 4.1 24.1 Mar 28, 2024 J-GAAP
Mar - May, 2024 1,099 352 316 191 7.4 32.0 Jun 27, 2024 J-GAAP
Jun - Aug, 2024 1,052 351 340 196 7.7 33.4 Sep 26, 2024 J-GAAP
Sep - Nov, 2024 1,032 315 297 204 8.0 30.5 Dec 26, 2024 J-GAAP
YoY -4.2% +1.0% -1.0% － －

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