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

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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%