Fuji Corporation (6134) Q2 2025 earnings summary

Executive summary

• Sales for H1FY2025 rose 0.6% year-over-year to ¥62,958 million, while operating profit declined 2.1% to ¥6,497 million, reflecting delayed economic recovery and reduced orders.

• Ordinary profit decreased 7.4% to ¥7,234 million; profit attributable to owners of parent was ¥5,221 million, down 0.4%.

• Comprehensive income dropped sharply to ¥1,265 million, down 88.7% year-over-year.

• Strong uncertainty persists regarding the economic outlook, with order intake down 9.9% compared to H1FY2024.

Financial highlights

• Gross profit increased to ¥23,100 million from ¥22,885 million year-over-year.

• EPS for the period was ¥56.60, compared to ¥54.87 in the prior year.

• Total assets as of September 30, 2024, were ¥249,602 million, down ¥1,335 million from March 31, 2024.

• Net assets decreased by ¥4,838 million, mainly due to treasury share acquisition and valuation losses on securities.

• Cash and cash equivalents at period-end increased to ¥67,156 million.

Outlook and guidance

• FY2025 net sales forecast: ¥133,000 million (+4.7% YoY); operating profit: ¥14,800 million (+10.3% YoY); ordinary profit: ¥16,100 million (+7.3% YoY); profit attributable to owners of parent: ¥12,400 million (+18.8% YoY); EPS: ¥134.12.

• No change to previously announced forecasts.

• Capital expenditures expected to rise 24.5% to ¥17,800 million.

• Dividend policy maintained: minimum annual dividend of ¥80 per share, payout ratio of 50% or more.