JTEC CORPORATION, First Half Ordinary Profit Increases by 51%, July-September Ordinary Profit Increases by 76%

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Thu Oct 31, 2024 3:30 pm JST Earnings

2479 JTEC CORPORATION 【J-GAAP】

Earnings Report

JTEC CORPORATION <2479> [TSE-G] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 98 million yen, an increase of 50.8% compared to the same period last year. The progress rate against the 350 million yen full-year plan was 28.0%, exceeding the five-year average of 23.5%.

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 expand by 56.5% from the same period last year, reaching 252 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 76.5% from the same period last year, reaching 60 million yen. The operating profit margin significantly improved from 4.2% in the same period last year to 7.2%.

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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	1,578	34	62	31	4.0	28.6	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	1,624	65	65	33	4.1	28.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	1,647	98	98	63	7.9	28.0	Oct 31, 2024	J-GAAP
YoY	+1.4%	+50.8%	+50.8%	+90.9%	+91.1%

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	ー	ー	ー	ー	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	1,647	98	98	63	7.9	0	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	1,618	164	161	130	16.4	5	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,103	252	252	130	16.2	－	Oct 31, 2024	J-GAAP
YoY	+30.0%	+53.7%	+56.5%	0.0%	-0.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,177	178	217	131	16.6	5	May 11, 2023	J-GAAP
Mar, 2024	3,242	229	226	163	20.5	5	May 10, 2024	J-GAAP
Mar, 2025 Guidance	3,750	350	350	193	24.1	－	May 10, 2024	J-GAAP
YoY	+15.7%	+52.8%	+54.9%	+18.4%	+17.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	812	34	34	16	2.0	4.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	830	97	96	70	8.8	11.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	788	67	65	60	7.6	8.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	819	38	38	19	2.5	4.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	828	60	60	44	5.5	7.2	Oct 31, 2024	J-GAAP
YoY	+2.0%	+76.5%	+76.5%	+175.0%	+174.6%