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

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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%	－	－	－	－