FCC posts record operating profit, raises full-year outlook

FCC achieved record operating profit of JPY10.1 billion for the second quarter of fiscal year 2025, a 1.1% increase year-on-year. This was supported by increased sales in India and China for two-wheelers, and growth in North America for four-wheelers. Excluding foreign exchange effects, real sales increased in both segments, with increased revenue and reduced quality costs contributing to the highest-ever operating profit.

The company revised its full-year outlook upwards, now projecting revenue of JPY244.0 billion and operating profit of JPY16.0 billion, assuming a yen-to-US dollar exchange rate of JPY145. This adjustment reflects strong two-wheeler performance, particularly in India, while incorporating potential risks in North America and Vietnam.

FCC also aims for a total return ratio of over 70% for fiscal year 2025, targeting an annual ordinary dividend of JPY134 per share, an increase of JPY58 from the previous year. Strategic initiatives under the 12th Medium-Term Management Plan, focusing on portfolio transformation and strengthening the management base across ICE and EV segments for two-wheelers and ICE/HEV/BEV for four-wheelers, are progressing as planned.