FP Corporation (7947) Q2 2025 earnings summary

Executive summary

• Six-month net sales reached a record ¥114,892m, up 5.7% YoY; operating profit fell 7.3%, ordinary profit 9.9%, and parent profit 15.3%.

• Price revisions and steady product volumes supported sales, while higher raw-material and logistics costs weighed on profit.

Financial highlights

• Gross profit was ¥33,784m versus ¥31,628m a year earlier; basic EPS was ¥53.66 versus ¥62.58.

• Q2 net sales rose 7.7% YoY to ¥59,761m; operating profit rose 7.0% to ¥4,281m and ordinary profit rose 7.1% to ¥4,275m.

• Operating cash flow was ¥11,637m, investing cash flow -¥8,205m, free cash flow ¥3,431m, and financing cash flow -¥9,262m.

Outlook and guidance

• FY2025 forecasts remain unchanged: net sales ¥236,000m, operating profit ¥17,800m, ordinary profit ¥18,000m, and parent profit ¥12,122m.

• Record-high second-half results are expected, supported by price revisions; full-year ordinary profit is projected ¥1,220m above FY2024, with ¥7,120m from sales efforts and price revisions offset by ¥4,000m in material costs.

• Full-year EPS forecast is ¥149.98; annual dividend forecast is ¥57 per share, comprising ¥21.50 interim and ¥35.50 year-end.