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

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%

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