JAPAN POWER FASTENING CO.,LTD, July-September (3Q) Ordinary Profit Turns to Loss

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Fri Nov 8, 2024 3:30 pm JST Earnings

5950 JAPAN POWER FASTENING CO.,LTD 【J-GAAP】

Earnings Report

JAPAN POWER FASTENING CO.,LTD <5950> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 330 million yen (compared to a loss of 40 million yen in the same period last year). The progress rate against the 410 million yen full-year plan was 80.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a profit of 80 million yen (compared to a loss of 4 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 60 million yen (compared to a profit of 44 million yen in the same period last year). However, the operating profit/loss margin improved from -3.1% in the same period last year to -1.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	3,953	75	-23	-3	-0.3	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	3,779	-111	-40	-104	-6.6	ー	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	3,651	-110	330	441	27.8	80.5	Nov 8, 2024	J-GAAP
YoY	-3.4%	+0.9%	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	2,606	-54	40	22	1.4	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,663	56	20	224	14.9	5	Aug 9, 2024	J-GAAP
YoY	+2.2%	－	-50.0%	+918.2%	+972.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	5,354	85	14	40	2.5	2.50	Feb 14, 2023	J-GAAP
Dec, 2023	5,108	-125	-44	-108	-6.8	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	5,000	-35	410	540	36.0	25	Aug 9, 2024	J-GAAP
YoY	-2.1%	+72.0%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,277	-40	44	26	1.6	-3.1	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,329	-14	-4	-4	-0.3	-1.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,121	-35	-36	-43	-2.7	-3.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,216	-56	426	359	22.6	-4.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,314	-19	-60	125	7.9	-1.4	Nov 8, 2024	J-GAAP
YoY	+2.9%	+52.5%	－	+380.8%	+380.5%