Fukuda Denshi (6960) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, were ¥64,314 million, down 3.3% year-over-year.

• Operating profit decreased 23.6% year-over-year to ¥10,654 million.

• Ordinary profit fell 20.1% year-over-year to ¥11,262 million; profit attributable to owners of parent dropped 21.4% to ¥7,706 million.

• Comprehensive income declined 47.6% year-over-year to ¥6,014 million.

Financial highlights

• Earnings per share for the period were ¥267.34, down from ¥324.32 year-over-year.

• Total assets as of September 30, 2024, were ¥204,776 million, a decrease of ¥4,288 million from March 31, 2024.

• Net assets increased to ¥171,975 million, up ¥2,967 million from the previous fiscal year-end.

• Shareholders’ equity ratio improved to 84.0% from 80.8% at the previous year-end.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥135,000 million (down 3.8%), operating profit of ¥23,000 million (down 14.8%), and profit attributable to owners of parent of ¥16,500 million (down 11.7%).

• Earnings per share for the full year forecasted at ¥572.37.

• No revisions to the business forecast as of this announcement.