JK Holdings Co.,Ltd., First Half Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 24%

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Fri Nov 8, 2024 11:30 am JST Earnings

9896 JK Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

JK Holdings Co.,Ltd. <9896> [TSE-S] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 21.1% from the same period last year to 3.46 billion yen. The progress rate against the 7 billion yen full-year plan was 49.5%, almost the same as the five-year average of 50.1%.

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 decrease by 17.4% from the same period last year to 3.53 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.93 billion yen, a 23.6% decrease compared to the same period last year. The operating profit margin worsened from 2.5% in the same period last year to 2.0%.

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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	203,804	6,884	7,368	4,658	156.2	71.5	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	191,165	4,133	4,393	2,460	85.1	50.7	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	190,734	3,283	3,467	1,969	68.1	49.5	Nov 8, 2024	J-GAAP
YoY	-0.2%	-20.6%	-21.1%	-20.0%	-19.9%

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	193,000	3,500	3,500	2,500	86.5	20	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	190,734	3,283	3,467	1,969	68.1	20	Nov 8, 2024	J-GAAP
Revision Rate	-1.2%	-6.2%	-0.9%	-21.2%	-21.2%

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	197,745	3,738	4,277	2,589	89.6	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	209,266	3,717	3,533	3,031	104.9	25	Nov 8, 2024	J-GAAP
YoY	+5.8%	-0.6%	-17.4%	+17.1%	+17.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	407,022	9,723	10,300	6,686	224.9	40	May 12, 2023	J-GAAP
Mar, 2024	388,910	7,871	8,670	5,049	174.7	40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	400,000	7,000	7,000	5,000	173.0	45	May 13, 2024	J-GAAP
YoY	+2.9%	-11.1%	-19.3%	-1.0%	-1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	96,413	2,431	2,530	1,522	52.6	2.5	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	103,991	2,419	2,809	1,680	58.1	2.3	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	93,754	1,319	1,468	909	31.5	1.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	92,908	1,375	1,534	771	26.7	1.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	97,826	1,908	1,933	1,198	41.5	2.0	Nov 8, 2024	J-GAAP
YoY	+1.5%	-21.5%	-23.6%	-21.3%	-21.3%