Fukuda (1899) Q3 2024 earnings summary

Executive summary

• Net sales rose 4.1% year-over-year to ¥116,602 million for the nine months ended September 30, 2024.

• Operating profit increased 70.6% year-over-year to ¥5,735 million, and ordinary profit rose 67.7% to ¥5,955 million.

• Profit attributable to owners of parent surged 77.4% year-over-year to ¥3,948 million.

Financial highlights

• Gross profit increased from ¥10,381 million to ¥12,960 million year-over-year.

• Earnings per share rose to ¥477.17 from ¥262.49 year-over-year.

• Total assets grew to ¥146,571 million as of September 30, 2024, up from ¥136,731 million at the previous year-end.

• Net assets increased to ¥83,597 million, with an equity ratio of 56.5%.

Outlook and guidance

• Full-year net sales forecast at ¥166,400 million, up 2.6% year-over-year.

• Operating profit projected at ¥5,800 million and ordinary profit at ¥6,000 million for the full year.

• Profit attributable to owners of parent expected to reach ¥3,900 million, with EPS of ¥471.27.

• Annual dividend forecast maintained at ¥110 per share.