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FUTABA INDUSTRIAL, The Current Fiscal Year Ordinary Profit Revised Upward by 36%

Thu Jan 30, 2025 4:20 pm JST Earnings

7241 FUTABA INDUSTRIAL CO., LTD. 【J-GAAP】

Earnings Report

FUTABA INDUSTRIAL CO., LTD. <7241> [TSE Prime] announced its financial results after the market closed on January 30th (16:20). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 37.2% from the same period last year to 9.8 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 36.4%, from the previous forecast of 11 billion yen to 15 billion yen (compared to 18.4 billion yen in the previous period), and the declining rate is expected to decrease from 40.5% to 18.9%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 53.8%, from the previous forecast of 7.43 billion yen to 11.4 billion yen (compared to 8.96 billion yen in the same period of the previous year), turning to a 27.6% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 6.24 billion yen, an increase of 2.6% compared to the same period last year. However, the operating profit margin worsened from 3.2% in the same period last year to 2.5%.

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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 514,747 2,472 2,434 665 7.4 31.3 Feb 2, 2023 J-GAAP
Apr - Dec, 2023 610,166 16,009 15,609 10,765 120.4 84.4 Feb 1, 2024 J-GAAP
Apr - Dec, 2024 526,489 9,912 9,806 2,792 31.2 65.4 Jan 30, 2025 J-GAAP
YoY -13.7% -38.1% -37.2% -74.1% -74.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 340,688 7,554 7,435 4,412 49.3 18 Oct 30, 2024 J-GAAP
Oct - Mar, 2024 New 350,688 9,554 11,435 5,412 60.5 18 Jan 30, 2025 J-GAAP
Revision Rate +2.9% +26.5% +53.8% +22.7% +22.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 690,000 13,000 11,000 6,000 67.1 35 Oct 30, 2024 J-GAAP
Mar, 2025 New 700,000 15,000 15,000 7,000 78.2 35 Jan 30, 2025 J-GAAP
Revision Rate +1.4% +15.4% +36.4% +16.7% +16.7%

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 392,462 9,768 8,962 6,092 68.1 20 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 350,688 9,554 11,435 5,412 60.5 18 Jan 30, 2025 J-GAAP
YoY -10.6% -2.2% +27.6% -11.2% -11.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 708,072 7,681 7,768 10,576 118.3 15 Apr 26, 2023 J-GAAP
Mar, 2024 795,802 19,213 18,489 12,831 143.4 35 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 700,000 15,000 15,000 7,000 78.2 35 Jan 30, 2025 J-GAAP
YoY -12.0% -21.9% -18.9% -45.4% -45.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 206,826 6,564 6,082 4,026 45.0 3.2 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 185,636 3,204 2,880 2,066 23.1 1.7 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 186,453 3,614 3,992 2,371 26.5 1.9 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 162,859 1,832 -427 -783 -8.8 1.1 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 177,177 4,466 6,241 1,204 13.5 2.5 Jan 30, 2025 J-GAAP
YoY -14.3% -32.0% +2.6% -70.1% -70.1%

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