J.E.T.Co.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 63%, July-September Ordinary Profit Decreases by 82%

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Fri Nov 8, 2024 3:30 pm JST Earnings

6228 J.E.T.Co.,LTD. 【J-GAAP】

Earnings Report

J.E.T.Co.,LTD. <6228> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 63.2% from the same period last year to 688 million yen. The progress rate against the 1.35 billion yen full-year plan was 51.0%, also falling below the four-year average of 76.5%.

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 for the October to December period (4Q) is expected to grow by 15.7% from the same period last year, reaching 662 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 168 million yen, a 81.9% decrease compared to the same period last year. The operating profit margin sharply declined from 12.8% in the same period last year to 3.9%.

Kabutan News

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, 2023	19,726	2,064	1,872	1,270	111.8	76.6	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	14,291	755	688	403	30.8	51.0	Nov 8, 2024	J-GAAP
YoY	-27.6%	-63.4%	-63.2%	-68.3%	-72.5%

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	13,260	1,574	1,500	1,005	85.1	34	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	11,512	873	830	603	45.9	17	Aug 9, 2024	J-GAAP
YoY	-13.2%	-44.5%	-44.7%	-40.0%	-46.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	24,984	2,613	2,444	1,651	139.8	34	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	21,480	1,460	1,350	900	68.6	17	Aug 9, 2024	J-GAAP
YoY	-14.0%	-44.1%	-44.8%	-45.5%	-51.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,002	1,025	928	624	54.9	12.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	5,258	549	572	381	32.3	10.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,796	56	-14	-45	-3.5	2.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	7,172	531	534	342	26.1	7.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,323	168	168	106	8.1	3.9	Nov 8, 2024	J-GAAP
YoY	-46.0%	-83.6%	-81.9%	-83.0%	-85.3%