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First Juken Co.,Ltd., Third Quarter Cumulative (November-July) Ordinary Profit Decreases by 30%, 3Q (May-July) Ordinary Profit Decreases by 5%

Thu Sep 5, 2024 4:00 pm JST Earnings

8917 First Juken Co.,Ltd. 【J-GAAP】

Earnings Report

First Juken Co.,Ltd. <8917> [TSE-S] announced its financial results after the market closed on September 5th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) decreased by 29.6% from the same period last year to 1.38 billion yen. This progress accounts for 63.4% of the full-year plan of 2.18 billion yen, also falling below the five-year average of 67.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to grow by 14.5% from the same period last year, reaching 798 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit decreased to 486 million yen, a 5.4% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.9% in the same period last year to 5.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 27,891 2,169 2,117 1,372 98.7 67.1 Sep 2, 2022 J-GAAP
Nov - Jul, 2022 29,783 2,010 1,964 1,278 92.0 73.8 Sep 4, 2023 J-GAAP
Nov - Jul, 2023 25,682 1,399 1,382 847 61.0 63.4 Sep 5, 2024 J-GAAP
YoY -13.8% -30.4% -29.6% -33.7% -33.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 22,565 1,245 1,211 814 58.6 22 Dec 15, 2023 J-GAAP
May - Oct, 2024 Guidance 19,790 1,307 1,284 769 55.3 22 Jun 6, 2024 J-GAAP
YoY -12.3% +5.0% +6.0% -5.5% -5.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 39,965 3,219 3,155 2,050 147.6 43 Dec 15, 2022 J-GAAP
Oct, 2023 43,373 2,723 2,661 1,751 126.1 43 Dec 15, 2023 J-GAAP
Oct, 2024 Guidance 36,900 2,210 2,180 1,320 95.0 43 May 31, 2024 J-GAAP
YoY -14.9% -18.8% -18.1% -24.6% -24.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 8,975 532 514 341 24.6 5.9 Sep 4, 2023 J-GAAP
Aug - Oct, 2023 13,590 713 697 473 34.1 5.2 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 7,480 289 275 175 12.7 3.9 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 9,630 614 621 376 27.1 6.4 Jun 6, 2024 J-GAAP
May - Jul, 2024 8,572 496 486 296 21.3 5.8 Sep 5, 2024 J-GAAP
YoY -4.5% -6.8% -5.4% -13.2% -13.2%

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