Fulltech <6546> announced its consolidated financial results for the second quarter of the fiscal year ending December 2024 (January-June 24). Revenue increased by 7.5% to 6.922 billion yen compared to the same period last year, operating profit increased by 97.3% to 0.381 billion yen, ordinary profit increased by 91.5% to 0.416 billion yen, and net income attributable to the parent company shareholders increased by 98.3% to 0.275 billion yen.

Sales of automatic door related products increased by 5.2% to 4.138 billion yen compared to the same period last year, and segment profit (operating profit) increased by 12.0% to 1.047 billion yen. This was due to an increase in sales of large-scale properties in the new department, as well as an increase in renovation orders and the number of maintenance contracts.

Sales of building components increased by 11.7% to 2.354 billion yen, and segment profit (operating profit) was 0.155 billion yen (compared to a loss of 0.006 billion yen in the same period last year). This was due to an increase in sales of large-scale properties in new sales, as well as efforts to improve profitability through thorough sorting of orders and cost management, and the effect of price transfer in response to rising purchase prices.

Other sales amounted to 0.429 billion yen, an increase of 7.3%, and segment profit (operating profit) was 0.012 billion yen, a decrease of 61.0%. This was due to a decrease in sales due to the impact of large-scale security gate projects in the previous year, offset by the addition of sales from newly consolidated subsidiaries.

The full-year consolidated performance forecast for the fiscal year ending December 2024 is as follows: revenue of 14 billion yen, an increase of 9.5% compared to the previous year, operating profit of 0.52 billion yen, an increase of 16.0%, ordinary profit of 0.55 billion yen, an increase of 11.1%, and net income attributable to the parent company shareholders of 0.335 billion yen, an increase of 40.0%, maintaining the initial plan.