JSP Corporation, July-September (2Q) Ordinary Profit Decreases by 11%

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Thu Oct 31, 2024 3:00 pm JST Earnings

7942 JSP Corporation 【J-GAAP】

Earnings Report

JSP Corporation <7942> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 3.54 billion yen, a 2.0% decrease compared to the same period last year. The progress rate against the 7.4 billion yen full-year plan was 47.9%, almost the same as the five-year average of 46.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 14.5% from the same period last year to 3.85 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.9 billion yen, a 10.7% decrease compared to the same period last year. The operating profit margin worsened from 5.7% in the same period last year to 5.2%.

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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	64,252	1,404	1,860	1,378	46.3	55.3	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	66,432	3,247	3,617	2,795	93.8	44.5	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	71,388	3,204	3,544	2,576	98.3	47.9	Oct 31, 2024	J-GAAP
YoY	+7.5%	-1.3%	-2.0%	-7.8%	+4.8%

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	72,000	3,300	3,500	2,600	99.2	40	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	71,388	3,204	3,544	2,576	98.3	40	Oct 31, 2024	J-GAAP
Revision Rate	-0.9%	-2.9%	+1.3%	-0.9%	-0.9%

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	68,619	4,316	4,510	3,596	124.8	40	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	74,612	3,796	3,856	2,724	103.9	40	Oct 31, 2024	J-GAAP
YoY	+8.7%	-12.0%	-14.5%	-24.2%	-16.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	131,714	2,956	3,363	2,531	84.9	50	Apr 28, 2023	J-GAAP
Mar, 2024	135,051	7,563	8,127	6,391	221.8	65	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	146,000	7,000	7,400	5,300	202.2	80	Apr 30, 2024	J-GAAP
YoY	+8.1%	-7.4%	-8.9%	-17.1%	-8.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	34,383	1,976	2,129	1,676	56.3	5.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	36,005	3,179	3,238	2,591	87.3	8.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	32,614	1,137	1,272	1,005	34.9	3.5	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	34,496	1,292	1,642	1,250	47.7	3.7	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	36,892	1,912	1,902	1,326	50.6	5.2	Oct 31, 2024	J-GAAP
YoY	+7.3%	-3.2%	-10.7%	-20.9%	-10.0%