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

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 54.1 22.50 Nov 6, 2024 J-GAAP
YoY +19.2% -7.9% -7.3% -5.7% -6.6%

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 1,890 105.4 45 May 10, 2024 J-GAAP
YoY +22.6% +7.8% +7.6% +5.6% +4.7%

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%

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