Fujibo Holdings (3104) Q2 2025 earnings summary

Executive summary

• Achieved significant growth in both sales and profit in FY2024 1H, driven by strong demand in the Polishing Pad and Industrial Chemicals businesses.

• Net sales for the six months ended September 30, 2024, rose 23.2% year-over-year to ¥21,060 million.

• Operating profit surged 226.1% year-over-year to ¥2,992 million.

• Profit attributable to owners of parent increased 133.6% year-over-year to ¥2,095 million.

• Upward revision of full-year forecasts, reflecting robust performance and improved market conditions.

Financial highlights

• FY2024 1H net sales: ¥21.06 billion (+23.2% YoY); operating profit: ¥2.99 billion (+226.1% YoY); net profit: ¥2.10 billion (+133.6% YoY); EBITDA: ¥4.59 billion (+85.7% YoY).

• Ordinary profit for the six months was ¥3,071 million, up 143.4% year-over-year.

• FY2024 full-year forecast: net sales ¥43.7 billion (+21.0% YoY), operating profit ¥6.0 billion (+112.9% YoY), net profit ¥4.1 billion (+93.6% YoY), EBITDA ¥9.35 billion (+53.1% YoY).

• Dividend per share raised to 120 yen for FY2024.

• Basic earnings per share for the period was ¥184.79, with full-year forecast at ¥361.48.

Outlook and guidance

• Strong demand for advanced semiconductors, especially for generative AI, expected to drive further growth.

• Full-year net sales forecast for March 31, 2025, is ¥43,700 million, up 21.0% year-over-year.

• Operating profit is projected at ¥6,000 million, up 112.9% year-over-year.

• Profit attributable to owners of parent is forecast at ¥4,100 million, up 93.6% year-over-year.

• Dividend forecast revised to ¥120.00 per share for the fiscal year ending March 31, 2025.