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JRC Co.,Ltd., First Half Ordinary Profit Increases by 33%, June-Augus Ordinary Profit Increases by 32%

Fri Oct 11, 2024 3:30 pm JST Earnings

6224 JRC Co.,Ltd. 【J-GAAP】

Earnings Report

JRC Co.,Ltd. <6224> [TSE-G] announced its financial results after the market closed on October 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 665 million yen, an increase of 33.0% compared to the same period last year. However, The progress rate against the 1.6 billion yen full-year plan was 41.5%, almost the same as the same period of the previous year of 39.3%.

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 grow by 21.5% from the same period last year, reaching 939 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased by 31.7% from the same period last year, reaching 407 million yen. The operating profit margin rose from 12.5% in the same period last year to 15.3%.

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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, 2023 4,390 497 500 294 23.3 39.3 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 4,949 651 665 523 43.0 41.5 Oct 11, 2024 J-GAAP
YoY +12.7% +31.0% +33.0% +77.9% +84.4%

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 5,049 691 700 462 38.0 13 Jul 12, 2024 J-GAAP
Mar - Aug, 2024 Results 4,949 651 665 523 43.0 13 Oct 11, 2024 J-GAAP
Revision Rate -2.0% -5.8% -5.0% +13.2% +13.3%

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 5,083 773 773 553 43.8 21 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 5,678 931 939 546 44.2 13 Oct 11, 2024 J-GAAP
YoY +11.7% +20.4% +21.5% -1.3% +0.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 9,473 1,270 1,273 847 67.1 21 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 10,627 1,582 1,604 1,069 86.5 26 Apr 12, 2024 J-GAAP
YoY +12.2% +24.6% +26.0% +26.2% +28.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,418 302 309 167 13.3 12.5 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 2,575 413 413 279 22.1 16.0 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 2,508 360 360 274 21.7 14.4 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,355 254 258 245 20.2 10.8 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,594 397 407 278 22.9 15.3 Oct 11, 2024 J-GAAP
YoY +7.3% +31.5% +31.7% +66.5% +72.5%

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