JMACS Japan Co.,Ltd., First Half Ordinary Profit Decreases by 37%, June-Augus Ordinary Profit Turns to Loss

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Tue Oct 15, 2024 3:00 pm JST Earnings

5817 JMACS Japan Co.,Ltd. 【J-GAAP】

Earnings Report

JMACS Japan Co.,Ltd. <5817> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 36.6% from the same period last year to 45 million yen. The progress rate against the 301 million yen full-year plan was 15.0%, also falling below the five-year average of 61.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to surge by 3.9 times that of the same period last year, reaching 256 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a loss of 9 million yen (compared to a profit of 10 million yen in the same period last year). The operating profit/loss margin worsened from -0.3% in the same period last year to -2.5%.

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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	2,529	136	160	143	30.7	68.4	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	2,409	48	71	50	10.8	51.8	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	2,420	11	45	72	16.2	15.0	Oct 15, 2024	J-GAAP
YoY	+0.5%	-77.1%	-36.6%	+44.0%	+49.2%

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	－	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	2,420	11	45	72	16.2	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	2,934	31	66	21	4.5	10	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	3,180	236	256	192	34.1	10	Oct 15, 2024	J-GAAP
YoY	+8.4%	+661.3%	+287.9%	+814.3%	+655.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,061	170	234	206	44.1	10	Apr 14, 2023	J-GAAP
Feb, 2024	5,343	79	137	71	15.3	10	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	5,600	247	301	264	46.9	10	Apr 15, 2024	J-GAAP
YoY	+4.8%	+212.7%	+119.7%	+271.8%	+207.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,220	-4	10	5	1.1	-0.3	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	1,519	-49	-31	-63	-13.9	-3.2	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	1,415	80	97	84	18.1	5.7	Apr 15, 2024	J-GAAP
Mar - May, 2024	1,190	42	54	80	18.0	3.5	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,230	-31	-9	-8	-1.8	-2.5	Oct 15, 2024	J-GAAP
YoY	+0.8%	-675.0%	－	－	－