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JADE GROUP, Inc, First Half Net Income Decreases by 95%, June-Augus Net Income Turns to Loss

Tue Oct 15, 2024 3:00 pm JST Earnings

3558 JADE GROUP, Inc 【J-GAAP】

Earnings Report

JADE GROUP, Inc <3558> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 95.2% from the same period last year to 22 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income/loss turned to a loss of 232 million yen (compared to a profit of 140 million yen in the same period last year). The operating profit margin drastically worsened from 8.2% in the same period last year to 0.6%.

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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 4,450 407 378 410 36.4 39.3 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 6,584 798 804 458 41.6 47.2 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 9,511 513 510 22 2.2 Oct 15, 2024 J-GAAP
YoY +44.5% -35.7% -36.6% -95.2% -94.7%

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 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 9,511 513 510 22 2.2 0 Oct 15, 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 6,772 887 901 543 49.8 0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,187 Oct 15, 2024 J-GAAP
YoY +33.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 10,464 991 963 1,258 112.2 0 Apr 14, 2023 J-GAAP
Feb, 2024 13,356 1,685 1,705 1,001 91.8 0 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 1,700 Apr 15, 2024 J-GAAP
YoY +0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 3,161 260 261 140 12.7 8.2 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 3,650 772 779 455 41.5 21.2 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 3,122 115 122 88 8.1 3.7 Apr 15, 2024 J-GAAP
Mar - May, 2024 4,693 482 502 254 24.2 10.3 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 4,818 31 8 -232 -23.1 0.6 Oct 15, 2024 J-GAAP
YoY +52.4% -88.1% -96.9%

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