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JMS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 50%

Thu Nov 7, 2024 3:30 pm JST Earnings

7702 JMS CO.,LTD. 【J-GAAP】

Earnings Report

JMS CO.,LTD. <7702> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 118 million yen (compared to a loss of 135 million yen in the same period last year), reversing from the forecast of a 250 million yen to a loss.

In addition, the full-year consolidated ordinary profit has downwardly by 50.0%, from the previous forecast of 800 million yen to 400 million yen (compared to 145 million yen in the previous period), leading to a reduction in the profit growth rate from 5.5 times to 2.8 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 85.0% from the same period last year, reaching 518 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 312 million yen (compared to a loss of 62 million yen in the same period last year). However, the operating profit/loss margin improved from -1.3% in the same period last year to 0.6%.

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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 29,975 -44 56 -68 -2.8 9.6 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 31,248 -320 -135 -258 -10.6 ー Nov 7, 2023 J-GAAP
Apr - Sep, 2024 33,830 155 -118 -258 -10.6 ー Nov 7, 2024 J-GAAP
YoY +8.3% － +12.6% 0.0% +0.2%

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 34,000 250 250 100 4.1 8.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 33,830 155 -118 -258 -10.6 8.50 Nov 7, 2024 J-GAAP
Revision Rate -0.5% -38.0% － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 70,000 800 800 400 16.3 17 May 14, 2024 J-GAAP
Mar, 2025 New 70,000 700 400 100 4.1 17 Nov 7, 2024 J-GAAP
Revision Rate 0.0% -12.5% -50.0% -75.0% -75.0%

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 34,044 52 280 222 9.1 8.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 36,170 545 518 358 14.6 8.50 Nov 7, 2024 J-GAAP
YoY +6.2% +948.1% +85.0% +61.3% +60.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 63,740 724 586 281 11.5 17 May 12, 2023 J-GAAP
Mar, 2024 65,292 -268 145 -36 -1.5 17 May 14, 2024 J-GAAP
Mar, 2025 Guidance 70,000 700 400 100 4.1 17 Nov 7, 2024 J-GAAP
YoY +7.2% － +175.9% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 16,648 -209 -62 2 0.1 -1.3 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 16,787 397 398 312 12.8 2.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 17,257 -345 -118 -90 -3.7 -2.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 16,177 42 194 -92 -3.8 0.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 17,653 113 -312 -166 -6.8 0.6 Nov 7, 2024 J-GAAP
YoY +6.0% － -403.2% － －

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