F.C.C. (7296) Q4 2024 earnings summary

Executive summary

• FY24 revenue reached a record ¥240,283 million, up 9.7% YoY; operating profit rose 26.9% to ¥15,102 million.

• Profit attributable to owners of parent increased 27.9% to ¥12,231 million; core clutch profitability improved while resources shifted toward growth areas.

Financial highlights

• Revenue was ¥240,283 million, operating profit ¥15,102 million, profit before tax ¥19,169 million, and profit ¥12,456 million in FY24.

• FY24 operating profit rose ¥3,198 million YoY; revenue/model mix and exchange rates were positive contributors, partly offset by higher depreciation, R&D, SG&A and other costs.

• Overseas sales were ¥222,384 million, or 92.6% of revenue, versus 91.8% in FY23.

Outlook and guidance

• FY25 revenue is forecast at ¥238,000 million, down 1.0%; operating profit at ¥16,000 million, up 5.9%; and profit attributable to owners at ¥12,400 million, up 1.4%.

• FY25 forecast EPS is ¥251.57, up 2.3%; profit before tax is forecast at ¥17,800 million, down 7.1%.

• FY25 priorities include higher motorcycle share in India and ASEAN, profitable automotive production aligned with HEV demand, and partial mass production in some new business areas.

• Medium-term targets include FY26 revenue of ¥239 billion, operating profit of ¥16.5 billion and ROE of at least 7.5%; FY24 revenue exceeded the revenue target.