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

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%

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