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J-MAX Co.,Ltd., The Current Fiscal Year Net Income Loss Widened in Downward Revision

Wed Nov 6, 2024 4:00 pm JST Earnings

3422 J-MAX Co.,Ltd. 【J-GAAP】

Earnings Report

J-MAX Co.,Ltd. <3422> [TSE-S] announced its financial results after the market closed on November 6th (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 1.01 billion yen (compared to a loss of 15 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 1.6 billion yen to a loss of 2.4 billion yen (compared to a loss of 1.02 billion yen in the previous period), indicating an expansion in the loss margin.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to expand to a loss of 1.38 billion yen (compared to a loss of 1.01 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 50 million yen (compared to a profit of 69 million yen in the same period last year). The operating profit/loss margin worsened from 0.3% in the same period last year to -2.2%.

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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 23,119 828 809 274 23.4 29.8 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 25,653 107 -70 -15 -1.3 ー Oct 31, 2023 J-GAAP
Apr - Sep, 2024 22,279 -429 -660 -1,015 -88.6 ー Nov 6, 2024 J-GAAP
YoY -13.2% － -842.9% -6,666.7% -6,611.4%

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 22,000 -350 -600 -1,250 -109.0 2 Aug 7, 2024 J-GAAP
Apr - Sep, 2024 Results 22,279 -429 -660 -1,015 -88.6 2 Nov 6, 2024 J-GAAP
Revision Rate +1.3% -22.6% -10.0% +18.8% +18.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 46,000 50 -400 -1,600 -139.5 4 Aug 7, 2024 J-GAAP
Mar, 2025 New 46,000 50 -400 -2,400 -209.3 4 Nov 6, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -50.0% -50.0%

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 28,694 934 801 -1,011 -88.1 9 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,721 479 260 -1,385 -120.8 2 Nov 6, 2024 J-GAAP
YoY -17.3% -48.7% -67.5% -37.0% -37.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,356 2,811 2,712 1,298 110.7 16 May 9, 2023 J-GAAP
Mar, 2024 54,347 1,041 731 -1,026 -89.5 18 May 10, 2024 J-GAAP
Mar, 2025 Guidance 46,000 50 -400 -2,400 -209.3 4 Nov 6, 2024 J-GAAP
YoY -15.4% -95.2% － -133.9% -134.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,683 43 11 69 6.1 0.3 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 13,747 393 284 -1,667 -145.2 2.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 14,947 541 517 656 57.2 3.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 11,106 -181 -213 -965 -84.3 -1.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 11,173 -248 -447 -50 -4.4 -2.2 Nov 6, 2024 J-GAAP
YoY -11.9% － － － －

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