JBCC Holdings Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 13%, Adds to Record High Profit Forecast, Dividend Revised Upward by 18 yen

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Thu Oct 31, 2024 11:30 am JST Earnings

9889 JBCC Holdings Inc. 【J-GAAP】

Earnings Report

JBCC Holdings Inc. <9889> [TSE-P] announced its financial results at noon (11:30) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.2 billion yen, an increase of 34.2% compared to the same period last year, exceeded the previous forecast of 2.6 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 13.5%, from the previous forecast of 5.2 billion yen to 5.9 billion yen (compared to 4.54 billion yen in the previous period), increasing the growth rate from 14.3% to 29.7%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 24.8% from the same period last year, reaching 2.69 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 106 yen to 124 yen (compared to 94 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 33.6% from the same period last year, reaching 1.54 billion yen. The operating profit margin improved from 6.9% in the same period last year to 8.6%.

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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
Apr - Sep, 2022	28,889	2,048	2,171	1,505	96.1	56.4	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	32,971	2,282	2,386	1,693	107.5	52.5	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	35,822	3,182	3,321	2,307	148.9	56.3	Oct 31, 2024	J-GAAP
YoY	+8.6%	+39.4%	+39.2%	+36.3%	+38.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	33,250	2,550	2,600	1,790	115.2	53	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	35,822	3,182	3,321	2,307	148.9	53	Oct 31, 2024	J-GAAP
Revision Rate	+7.7%	+24.8%	+27.7%	+28.9%	+29.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	66,500	5,100	5,200	3,590	231.2	106	May 9, 2024	J-GAAP
Mar, 2025 New	66,500	5,800	5,900	4,100	264.0	124	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	+13.7%	+13.5%	+14.2%	+14.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	32,223	2,140	2,163	1,494	95.4	54	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	30,678	2,618	2,579	1,793	115.4	71	Oct 31, 2024	J-GAAP
YoY	-4.8%	+22.3%	+19.2%	+20.0%	+21.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	58,144	3,764	3,847	2,679	170.6	72	May 10, 2023	J-GAAP
Mar, 2024	65,194	4,422	4,549	3,187	203.4	94	May 9, 2024	J-GAAP
Mar, 2025 Guidance	66,500	5,800	5,900	4,100	264.0	124	Oct 31, 2024	J-GAAP
YoY	+2.0%	+31.2%	+29.7%	+28.6%	+29.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,612	1,143	1,155	843	53.5	6.9	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	16,309	1,179	1,190	803	51.1	7.2	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	15,914	961	973	691	44.1	6.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	18,118	1,536	1,658	1,120	72.3	8.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	17,704	1,646	1,663	1,187	76.6	9.3	Oct 31, 2024	J-GAAP
YoY	+6.6%	+44.0%	+44.0%	+40.8%	+43.1%