J-OIL MILLS, INC., First Half Ordinary Profit Unexpectedly Revised Upward by 11%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 5, 2024 3:30 pm JST Earnings

2613 J-OIL MILLS, INC. 【J-GAAP】

Earnings Report

J-OIL MILLS, INC. <2613> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.3% from the same period last year, reaching 5.59 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.4% decrease.

The progress rate against the 9.5 billion yen full-year plan was 58.9%, also surpassing the five-year average of 48.6%.

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 2.8% from the same period last year to 3.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 19.9% from the same period last year, reaching 3.12 billion yen. The operating profit margin improved from 4.2% in the same period last year to 5.4%.

Kabutan News

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	122,965	-150	-15	-164	-5.0	ー	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	124,670	4,939	5,022	3,424	103.5	55.5	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	116,306	5,446	5,591	3,568	107.9	58.9	Nov 5, 2024	J-GAAP
YoY	-6.7%	+10.3%	+11.3%	+4.2%	+4.2%

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	117,000	5,000	5,000	3,500	105.8	30	Sep 25, 2024	J-GAAP
Apr - Sep, 2024 Results	116,306	5,446	5,591	3,568	107.9	30	Nov 5, 2024	J-GAAP
Revision Rate	-0.6%	+8.9%	+11.8%	+1.9%	+1.9%

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	119,649	2,304	4,021	3,368	101.8	30	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	113,694	3,054	3,909	2,932	88.7	40	Nov 5, 2024	J-GAAP
YoY	-5.0%	+32.6%	-2.8%	-12.9%	-12.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	260,410	734	1,436	986	29.8	20	May 11, 2023	J-GAAP
Mar, 2024	244,319	7,243	9,043	6,792	205.4	60	May 10, 2024	J-GAAP
Mar, 2025 Guidance	230,000	8,500	9,500	6,500	196.5	70	Sep 25, 2024	J-GAAP
YoY	-5.9%	+17.4%	+5.1%	-4.3%	-4.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	61,086	2,584	2,603	1,815	54.9	4.2	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	63,423	1,209	1,326	1,898	57.4	1.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	56,226	1,095	2,695	1,470	44.5	1.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	58,512	2,323	2,470	1,584	47.9	4.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	57,794	3,123	3,121	1,984	60.0	5.4	Nov 5, 2024	J-GAAP
YoY	-5.4%	+20.9%	+19.9%	+9.3%	+9.3%