Jedat Inc., First Half Ordinary Profit Decreases by 30%, July-September Ordinary Profit Turns to Loss

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Fri Nov 1, 2024 3:10 pm JST Earnings

3841 Jedat Inc. 【J-GAAP】

Earnings Report

Jedat Inc. <3841> [TSE-S] announced its financial results after the market closed on November 1st (15:10). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 30.4% from the same period last year to 94 million yen. The progress rate against the 350 million yen full-year plan was 26.9%, also falling below the five-year average of 46.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 7.1% from the same period last year, reaching 256 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 19 million yen (compared to a profit of 13 million yen in the same period last year). However, the operating profit/loss margin improved from -2.5% in the same period last year to -1.2%.

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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	975	135	179	153	39.9	56.5	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	885	85	135	133	34.7	36.1	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	968	87	94	65	16.9	26.9	Nov 1, 2024	J-GAAP
YoY	+9.4%	+2.4%	-30.4%	-51.1%	-51.2%

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	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	968	87	94	65	16.9	0	Nov 1, 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	1,175	217	239	195	50.8	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,232	233	256	175	45.5	40	Nov 1, 2024	J-GAAP
YoY	+4.9%	+7.4%	+7.1%	-10.3%	-10.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,017	267	317	266	69.2	25	May 12, 2023	J-GAAP
Mar, 2024	2,060	302	374	328	85.4	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	2,200	320	350	240	62.4	40	May 10, 2024	J-GAAP
YoY	+6.8%	+6.0%	-6.4%	-26.8%	-27.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	355	-9	13	33	8.6	-2.5	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	494	90	91	70	18.3	18.2	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	681	127	148	125	32.5	18.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	534	92	113	81	21.2	17.2	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	434	-5	-19	-16	-4.2	-1.2	Nov 1, 2024	J-GAAP
YoY	+22.3%	+44.4%	－	－	－