JINS HOLDINGS Inc., 7% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 16 yen, This Fiscal Year to Increase Dividend by 6 yen

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Fri Oct 11, 2024 4:00 pm JST Earnings

3046 JINS HOLDINGS Inc. 【J-GAAP】

Earnings Report

JINS HOLDINGS Inc. <3046> [TSE-P] announced its financial results after the market closed on October 11th (16:00). The consolidated ordinary profit for the fiscal year ending August 2024 surged by 2.1 times that of the previous term, reaching 7.73 billion yen, exceeding the previous forecast of 6.3 billion yen. For the fiscal year ending August 2025, the profit is expected to grow by 7.4% to 8.31 billion yen, marking the second consecutive term of record-high profits. This will be the fifth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 45 yen to 61 yen (compared to 38 yen in the prior term), and has decided to increase the dividend this fiscal year to 67 yen, an increase of 6 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit surged to 17 times that of the same period last year, reaching 2.62 billion yen. The operating profit margin drastically improved from 5.9% in the same period last year to 11.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	66,901	3,315	3,789	750	32.2	17	Oct 14, 2022	J-GAAP
Aug, 2023	73,264	4,847	3,739	1,762	75.5	38	Oct 13, 2023	J-GAAP
Aug, 2024	82,999	7,836	7,735	4,671	200.2	61	Oct 11, 2024	J-GAAP
YoY	+13.3%	+61.7%	+106.9%	+165.1%	+165.1%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	79,939	6,300	6,300	3,500	150.0	45	Jul 12, 2024	J-GAAP
Aug, 2024 Results	82,999	7,836	7,735	4,671	200.2	61	Oct 11, 2024	J-GAAP
Revision Rate	+3.8%	+24.4%	+22.8%	+33.5%	+33.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	38,018	2,563	2,598	1,556	66.7	20	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	42,400	2,860	2,770	1,810	77.6	23	Oct 11, 2024	J-GAAP
YoY	+11.5%	+11.6%	+6.6%	+16.3%	+16.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	73,264	4,847	3,739	1,762	75.5	38	Oct 13, 2023	J-GAAP
Aug, 2024	82,999	7,836	7,735	4,671	200.2	61	Oct 11, 2024	J-GAAP
Aug, 2025 Guidance	90,100	8,500	8,310	5,230	224.1	67	Oct 11, 2024	J-GAAP
YoY	+8.6%	+8.5%	+7.4%	+12.0%	+11.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	19,702	1,168	152	-389	-16.7	5.9	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	18,166	1,089	1,056	579	24.8	6.0	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	19,852	1,474	1,542	977	41.9	7.4	Apr 12, 2024	J-GAAP
Mar - May, 2024	21,145	2,497	2,517	1,617	69.3	11.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	23,836	2,776	2,620	1,498	64.2	11.6	Oct 11, 2024	J-GAAP
YoY	+21.0%	+137.7%	+1,623.7%	－	－