JCU CORPORATION, First Half Ordinary Profit Increases by 56%

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Thu Nov 7, 2024 3:30 pm JST Earnings

4975 JCU CORPORATION 【J-GAAP】

Earnings Report

JCU CORPORATION <4975> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 4.98 billion yen, an increase of 55.6% compared to the same period last year, exceeded the previous forecast of 3.87 billion yen.

The progress rate against the 8.5 billion yen full-year plan was 58.6%, also surpassing the five-year average of 45.2%.

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 29.9% from the same period last year to 3.51 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 51.0% from the same period last year, reaching 2.74 billion yen. The operating profit margin rose from 30.4% in the same period last year to 39.1%.

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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	13,117	4,680	4,720	3,326	128.3	50.4	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	10,864	3,095	3,202	2,177	85.0	39.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	12,736	4,665	4,983	3,385	133.7	58.6	Nov 7, 2024	J-GAAP
YoY	+17.2%	+50.7%	+55.6%	+55.5%	+57.2%

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	12,100	3,870	3,870	2,680	106.0	37	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	12,736	4,665	4,983	3,385	133.7	37	Nov 7, 2024	J-GAAP
Revision Rate	+5.3%	+20.5%	+28.8%	+26.3%	+26.2%

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	13,995	4,946	5,014	3,353	131.5	35	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,264	3,835	3,517	2,515	100.3	37	Nov 7, 2024	J-GAAP
YoY	+1.9%	-22.5%	-29.9%	-25.0%	-23.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,137	9,285	9,369	6,013	232.6	66	May 11, 2023	J-GAAP
Mar, 2024	24,859	8,041	8,216	5,530	217.0	70	May 10, 2024	J-GAAP
Mar, 2025 Guidance	27,000	8,500	8,500	5,900	235.2	74	May 10, 2024	J-GAAP
YoY	+8.6%	+5.7%	+3.5%	+6.7%	+8.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,639	1,716	1,819	1,233	48.2	30.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	6,348	2,289	2,429	1,569	61.4	36.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	7,647	2,657	2,585	1,784	70.0	34.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,912	1,995	2,237	1,508	59.6	33.7	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	6,824	2,670	2,746	1,877	74.2	39.1	Nov 7, 2024	J-GAAP
YoY	+21.0%	+55.6%	+51.0%	+52.2%	+54.0%