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Funai Soken Holdings Incorporated, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 19%, July-September Ordinary Profit Increases by 9%

Fri Nov 8, 2024 3:30 pm JST Earnings

9757 Funai Soken Holdings Incorporated 【J-GAAP】

Earnings Report

Funai Soken Holdings Incorporated <9757> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 19.0% from the same period last year, reaching 5.96 billion yen. The progress rate against the 7.9 billion yen full-year plan was 75.5%, also surpassing the five-year average of 72.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 16.9% from the same period last year to 1.93 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 9.0% from the same period last year, reaching 1.73 billion yen. The operating profit margin rose from 21.8% in the same period last year to 22.0%.

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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
Jan - Sep, 2022 18,655 5,329 5,382 3,680 74.4 74.8 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 20,630 4,951 5,017 3,449 70.2 68.3 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 22,253 5,945 5,968 4,043 86.1 75.5 Nov 8, 2024 J-GAAP
YoY +7.9% +20.1% +19.0% +17.2% +22.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 14,846 3,876 3,915 2,930 59.9 33 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 16,097 3,680 3,664 2,559 55.2 38 Aug 8, 2024 J-GAAP
YoY +8.4% -5.1% -6.4% -12.7% -7.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 25,635 7,100 7,197 4,990 100.9 55 Feb 8, 2023 J-GAAP
Dec, 2023 28,238 7,247 7,343 5,201 106.3 65 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 30,500 7,900 7,900 5,500 118.6 75 Feb 8, 2024 J-GAAP
YoY +8.0% +9.0% +7.6% +5.7% +11.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,238 1,580 1,589 1,178 24.0 21.8 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 7,608 2,296 2,326 1,752 35.8 30.2 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 6,970 2,076 2,069 1,501 31.7 29.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,433 2,144 2,167 1,440 30.5 28.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 7,850 1,725 1,732 1,102 23.5 22.0 Nov 8, 2024 J-GAAP
YoY +8.5% +9.2% +9.0% -6.5% -2.1%

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