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FUJI CO., LTD., First Half Ordinary Profit Decreases by 13%

Mon Oct 7, 2024 3:00 pm JST Earnings

8278 FUJI CO., LTD. 【J-GAAP】

Earnings Report

FUJI CO., LTD. <8278> [TSE-P] announced its financial results after the market closed on October 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 12.7% from the same period last year to 6.07 billion yen. The progress rate against the 17.7 billion yen full-year plan was 34.3%, also falling below the five-year average of 45.5%.

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 September to February period (second half) is expected to grow by 11.7% from the same period last year, reaching 11.6 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit amounted to 4.26 billion yen, an increase of 2.5% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 1.8% in the same period last year to 1.8%.

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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
Mar - Aug, 2022 386,171 5,108 6,039 5,943 68.6 45.2 Oct 4, 2022 J-GAAP
Mar - Aug, 2023 398,843 6,053 6,963 4,053 46.8 40.1 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 401,698 5,168 6,076 2,525 29.1 34.3 Oct 7, 2024 J-GAAP
YoY +0.7% -14.6% -12.7% -37.7% -37.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 15 Apr 8, 2024 J-GAAP
Mar - Aug, 2024 Results 401,698 5,168 6,076 2,525 29.1 15 Oct 7, 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
Sep - Feb, 2023 402,179 9,057 10,411 3,383 39.0 15 Apr 8, 2024 J-GAAP
Sep - Feb, 2024 Guidance 408,302 10,332 11,624 5,475 63.2 15 Oct 7, 2024 J-GAAP
YoY +1.5% +14.1% +11.7% +61.8% +61.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 784,967 11,320 13,359 9,033 104.2 30 Apr 12, 2023 J-GAAP
Feb, 2024 801,022 15,110 17,374 7,436 85.8 30 Apr 8, 2024 J-GAAP
Feb, 2025 Guidance 810,000 15,500 17,700 8,000 92.3 30 Apr 8, 2024 J-GAAP
YoY +1.1% +2.6% +1.9% +7.6% +7.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 203,457 3,715 4,162 2,279 26.3 1.8 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 196,153 1,210 2,005 1,017 11.7 0.6 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 206,026 7,847 8,406 2,366 27.3 3.8 Apr 8, 2024 J-GAAP
Mar - May, 2024 196,165 1,435 1,809 107 1.2 0.7 Jul 8, 2024 J-GAAP
Jun - Aug, 2024 205,533 3,733 4,267 2,418 27.9 1.8 Oct 7, 2024 J-GAAP
YoY +1.0% +0.5% +2.5% +6.1% +6.1%

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