FJ NEXT HOLDINGS CO., LTD., First Half Ordinary Profit Decreases by 15%

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Wed Nov 6, 2024 2:00 pm JST Earnings

8935 FJ NEXT HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

FJ NEXT HOLDINGS CO., LTD. <8935> [TSE-P] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 15.5% from the same period last year to 4.1 billion yen. However, The progress rate against the 7.5 billion yen full-year plan was 54.7%, also surpassing the five-year average of 45.1%.

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 decrease by 25.8% from the same period last year to 3.39 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.83 billion yen, a 20.6% decrease compared to the same period last year. The operating profit margin decreased from 13.0% in the same period last year to 9.6%.

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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	41,160	3,636	3,609	2,453	75.1	43.9	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	48,448	4,859	4,858	3,227	98.7	51.5	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	53,588	4,115	4,106	2,796	85.5	54.7	Nov 6, 2024	J-GAAP
YoY	+10.6%	-15.3%	-15.5%	-13.4%	-13.4%

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	－	24	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	53,588	4,115	4,106	2,796	85.5	24	Nov 6, 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	51,957	4,572	4,576	3,226	98.6	26	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	49,412	3,385	3,394	2,204	67.3	24	Nov 6, 2024	J-GAAP
YoY	-4.9%	-26.0%	-25.8%	-31.7%	-31.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,688	8,250	8,219	5,621	172.0	48	May 12, 2023	J-GAAP
Mar, 2024	100,405	9,431	9,434	6,453	197.3	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	103,000	7,500	7,500	5,000	152.8	48	May 13, 2024	J-GAAP
YoY	+2.6%	-20.5%	-20.5%	-22.5%	-22.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27,525	3,572	3,572	2,412	73.8	13.0	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	17,847	594	594	380	11.6	3.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	34,110	3,978	3,982	2,846	87.0	11.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	23,890	1,278	1,271	845	25.8	5.3	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	29,698	2,837	2,835	1,951	59.7	9.6	Nov 6, 2024	J-GAAP
YoY	+7.9%	-20.6%	-20.6%	-19.1%	-19.2%