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

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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%	+28.9%

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%