JACCS CO., LTD., First Half Ordinary Profit Decreases by 12%

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Thu Nov 7, 2024 3:00 pm JST Earnings

8584 JACCS CO., LTD. 【J-GAAP】

Earnings Report

JACCS CO., LTD. <8584> [TSE-P] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.2% from the same period last year to 16 billion yen. However, The progress rate against the 24 billion yen full-year plan was 67.1%, also surpassing the five-year average of 49.1%.

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 drop by 46.3% from the same period last year to 7.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 7.29 billion yen, an increase of 1.2% compared to the same period last year. However, the operating profit margin decreased from 16.0% in the same period last year to 15.1%.

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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	85,297	16,385	16,422	11,108	320.5	51.7	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	92,208	18,419	18,341	12,310	354.9	55.5	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	95,739	16,084	16,099	11,185	322.2	67.1	Nov 7, 2024	J-GAAP
YoY	+3.8%	-12.7%	-12.2%	-9.1%	-9.2%

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	94,000	13,500	13,500	9,500	273.6	90	Aug 7, 2024	J-GAAP
Apr - Sep, 2024 Results	95,739	16,084	16,099	11,185	322.2	90	Nov 7, 2024	J-GAAP
Revision Rate	+1.8%	+19.1%	+19.3%	+17.7%	+17.8%

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	92,574	14,707	14,719	11,460	330.3	120	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	93,261	7,916	7,901	5,315	153.0	90	Nov 7, 2024	J-GAAP
YoY	+0.7%	-46.2%	-46.3%	-53.6%	-53.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	173,506	31,678	31,769	21,651	624.6	190	May 12, 2023	J-GAAP
Mar, 2024	184,782	33,126	33,060	23,770	685.1	220	May 15, 2024	J-GAAP
Mar, 2025 Guidance	189,000	24,000	24,000	16,500	475.0	180	Aug 7, 2024	J-GAAP
YoY	+2.3%	-27.5%	-27.4%	-30.6%	-30.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	45,546	7,265	7,202	4,655	134.2	16.0	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	46,968	8,718	8,699	5,848	168.6	18.6	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	45,606	5,989	6,020	5,612	161.8	13.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	47,549	8,803	8,808	6,012	173.2	18.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	48,190	7,281	7,291	5,173	149.0	15.1	Nov 7, 2024	J-GAAP
YoY	+5.8%	+0.2%	+1.2%	+11.1%	+11.0%