J-LEASE CO.,LTD., First Half Ordinary Profit Increases by 28%

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Wed Nov 6, 2024 3:30 pm JST Earnings

7187 J-LEASE CO.,LTD. 【J-GAAP】

Earnings Report

J-LEASE CO.,LTD. <7187> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 28.0% from the same period last year, reaching 1.41 billion yen, exceeded the previous forecast of 1.14 billion yen.

The progress rate against the 2.81 billion yen full-year plan was 50.3%, also surpassing the five-year average of 46.5%.

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 decrease by 7.3% from the same period last year to 1.39 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.9% from the same period last year, reaching 698 million yen. The operating profit margin remained almost flat, changing from 18.3% in the same period last year to 18.4%.

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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	5,244	1,217	1,207	839	47.1	49.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	6,087	1,104	1,105	760	42.8	42.3	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	7,711	1,426	1,414	920	51.8	50.3	Nov 6, 2024	J-GAAP
YoY	+26.7%	+29.2%	+28.0%	+21.1%	+21.0%

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	7,550	1,140	1,140	770	43.3	22.50	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	7,711	1,426	1,414	920	51.8	22.50	Nov 6, 2024	J-GAAP
Revision Rate	+2.1%	+25.1%	+24.0%	+19.5%	+19.5%

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	7,133	1,502	1,506	1,029	57.9	22.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,499	1,384	1,396	970	54.5	22.50	Nov 6, 2024	J-GAAP
YoY	+19.2%	-7.9%	-7.3%	-5.7%	-6.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,960	2,465	2,465	1,667	93.7	30	May 9, 2023	J-GAAP
Mar, 2024	13,220	2,606	2,611	1,789	100.7	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	16,210	2,810	2,810	1,890	106.1	45	May 10, 2024	J-GAAP
YoY	+22.6%	+7.8%	+7.6%	+5.6%	+5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,028	555	559	411	23.2	18.3	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	3,322	687	684	444	25.0	20.7	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	3,811	815	822	585	32.9	21.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,816	711	716	471	26.5	18.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	3,895	715	698	449	25.3	18.4	Nov 6, 2024	J-GAAP
YoY	+28.6%	+28.8%	+24.9%	+9.2%	+9.2%