j-Group Holdings Corp., First Half Ordinary Profit Increases by 91%

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Thu Oct 10, 2024 3:00 pm JST Earnings

3063 j-Group Holdings Corp. 【J-GAAP】

Earnings Report

j-Group Holdings Corp. <3063> [TSE-G] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 242 million yen, an increase of 90.6% compared to the same period last year. The progress rate against the 410 million yen full-year plan was 59.0%, also surpassing the progress rate of 41.6% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to decrease by 5.6% from the same period last year to 168 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 67 million yen, a 50.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.8% in the same period last year to 2.6%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	3,582	-670	-612	-166	-19.5	ー	Oct 7, 2022	J-GAAP
Mar - Aug, 2023	5,105	116	127	122	8.1	41.6	Oct 10, 2023	J-GAAP
Mar - Aug, 2024	5,316	234	242	524	41.0	59.0	Oct 10, 2024	J-GAAP
YoY	+4.1%	+101.7%	+90.6%	+329.5%	+407.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	2	Apr 10, 2024	J-GAAP
Mar - Aug, 2024 Results	5,316	234	242	524	41.0	2	Oct 10, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	5,328	193	178	125	10.6	3	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	5,284	176	168	-89	-7.3	2	Oct 10, 2024	J-GAAP
YoY	-0.8%	-8.8%	-5.6%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	8,013	-1,032	-901	-549	-57.7	0	Apr 7, 2023	J-GAAP
Feb, 2024	10,433	309	305	247	21.0	3	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	10,600	410	410	435	35.7	4	Jul 29, 2024	J-GAAP
YoY	+1.6%	+32.7%	+34.4%	+76.1%	+69.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,532	72	134	91	6.0	2.8	Oct 10, 2023	J-GAAP
Sep - Nov, 2023	2,555	35	33	28	1.8	1.4	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,773	158	145	97	8.3	5.7	Apr 10, 2024	J-GAAP
Mar - May, 2024	2,717	166	175	154	11.6	6.1	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	2,599	68	67	370	28.9	2.6	Oct 10, 2024	J-GAAP
YoY	+2.6%	-5.6%	-50.0%	+306.6%	+379.8%