F.C.C. (7296) Q4 2022 earnings summary

Executive summary

• FY2022 revenue rose 17.0% YoY to ¥170,971 million; operating profit increased 44.3% to ¥10,051 million and profit attributable to owners of parent rose 91.6% to ¥8,551 million.

• Total comprehensive income increased 56.9% to ¥18,929 million, including substantial foreign-operation exchange gains in other comprehensive income.

Financial highlights

• Profit before income taxes rose 43.7% to ¥11,944 million; net profit increased to ¥8,681 million from ¥4,644 million YoY.

• Basic EPS was ¥172.07, compared with ¥89.81 in FY2021.

• Gross profit increased to ¥27,737 million from ¥22,866 million; SG&A rose to ¥17,867 million from ¥15,624 million.

Outlook and guidance

• FY2023 forecast: revenue ¥194,000 million (+13.5% YoY), operating profit ¥13,000 million (+29.3%), and profit before income taxes ¥13,600 million (+13.9%).

• FY2023 forecast: profit attributable to owners of parent ¥9,100 million (+4.8%); basic EPS ¥181.08.

• H1 FY2023 forecast: revenue ¥94,000 million (+18.4% YoY), operating profit ¥5,500 million (-1.1%), and profit attributable to owners of parent ¥3,800 million (-8.3%).

• FY2023 annual dividend forecast is ¥52 per share, with a 28.7% consolidated payout ratio.