Joshin Denki Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 52% Decrease

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Fri Oct 25, 2024 9:00 am JST Revision

8173 Joshin Denki Co., Ltd. 【J-GAAP】

Guidance Update Report

Joshin Denki Co., Ltd. <8173> [TSE-P] announced a performance revision in the morning on October 25th (09:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 55.6%, from the previous forecast of 9 billion yen to 4 billion yen (compared to 8.25 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 51.5% decrease in profit.

At the same time, the April to September period (first half) consolidated ordinary profit has downwardly by 60.9%, from the previous forecast of 4.6 billion yen to 1.8 billion yen (compared to 4.54 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 60.4% decrease in profit.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	198,000	4,600	4,600	3,200	123.3	0	May 7, 2024	J-GAAP
Apr - Sep, 2024 New	191,800	1,800	1,800	2,200	84.8	0	Oct 25, 2024	J-GAAP
Revision Rate	-3.1%	-60.9%	-60.9%	-31.3%	-31.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	410,000	9,000	9,000	6,000	231.2	100	May 7, 2024	J-GAAP
Mar, 2025 New	400,000	4,000	4,000	3,800	146.5	100	Oct 25, 2024	J-GAAP
Revision Rate	-2.4%	-55.6%	-55.6%	-36.7%	-36.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	197,483	4,586	4,549	3,110	117.7	0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024 Guidance	191,800	1,800	1,800	2,200	84.8	0	Oct 25, 2024	J-GAAP
YoY	-2.9%	-60.8%	-60.4%	-29.3%	-28.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	408,460	8,311	8,317	4,972	186.8	75	May 9, 2023	J-GAAP
Mar, 2024	403,692	8,364	8,251	4,891	185.9	90	May 7, 2024	J-GAAP
Mar, 2025 Guidance	400,000	4,000	4,000	3,800	146.5	100	Oct 25, 2024	J-GAAP
YoY	-0.9%	-52.2%	-51.5%	-22.3%	-21.2%