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FRANCE BED HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 4%, July-September Ordinary Profit Increases by 4%

Fri Nov 8, 2024 4:00 pm JST Earnings

7840 FRANCE BED HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

FRANCE BED HOLDINGS CO.,LTD. <7840> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 3.6% from the same period last year, reaching 2.14 billion yen. However, The progress rate against the 4.8 billion yen full-year plan was 44.7%, almost the same as the five-year average of 44.7%.

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 2.7% from the same period last year, reaching 2.65 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 3.9% from the same period last year, reaching 1.1 billion yen. The operating profit margin improved from 7.2% in the same period last year to 7.6%.

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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 28,244 1,941 1,958 1,239 34.2 43.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 28,366 2,034 2,071 1,249 34.7 44.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 29,250 2,124 2,145 1,325 38.4 44.7 Nov 8, 2024 J-GAAP
YoY +3.1% +4.4% +3.6% +6.1% +10.6%

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 － 17 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 29,250 2,124 2,145 1,325 38.4 17 Nov 8, 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 30,785 2,553 2,586 1,885 52.5 22 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,750 2,676 2,655 1,675 48.5 22 Nov 8, 2024 J-GAAP
YoY +3.1% +4.8% +2.7% -11.1% -7.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 58,578 4,481 4,485 2,702 74.8 36 May 15, 2023 J-GAAP
Mar, 2024 59,151 4,587 4,657 3,134 87.3 39 May 15, 2024 J-GAAP
Mar, 2025 Guidance 61,000 4,800 4,800 3,000 86.8 39 May 15, 2024 J-GAAP
YoY +3.1% +4.6% +3.1% -4.3% -0.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,397 1,042 1,065 633 17.6 7.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 14,519 1,102 1,100 711 19.7 7.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 16,266 1,451 1,486 1,174 32.7 8.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 14,815 1,031 1,038 653 18.9 7.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,435 1,093 1,107 672 19.5 7.6 Nov 8, 2024 J-GAAP
YoY +0.3% +4.9% +3.9% +6.2% +10.8%

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