JAMCO CORPORATION, First Half Ordinary Profit Increases by 2.4 times

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Fri Nov 8, 2024 3:30 pm JST Earnings

7408 JAMCO CORPORATION 【J-GAAP】

Earnings Report

JAMCO CORPORATION <7408> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.4 times that of the same period last year, reaching 1.11 billion yen. However, The progress rate against the 5.28 billion yen full-year plan was 21.1%, also falling below the five-year average of 36.8%.

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 surge by 7.8 times that of the same period last year, reaching 4.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 677 million yen. The operating profit margin improved from 4.3% in the same period last year to 6.6%.

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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	17,042	281	354	655	24.4	31.4	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	27,243	780	463	960	35.8	46.3	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	36,486	2,023	1,112	931	34.7	21.1	Nov 8, 2024	J-GAAP
YoY	+33.9%	+159.4%	+140.2%	-3.0%	-3.0%

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	ー	ー	ー	ー	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	36,486	2,023	1,112	931	34.7	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	36,756	1,603	536	750	28.0	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	50,414	5,787	4,168	2,559	95.3	25	Nov 8, 2024	J-GAAP
YoY	+37.2%	+261.0%	+677.6%	+241.2%	+240.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	47,225	1,733	1,127	2,174	81.1	0	May 12, 2023	J-GAAP
Mar, 2024	63,999	2,383	999	1,710	63.8	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	86,900	7,810	5,280	3,490	130.0	25	May 10, 2024	J-GAAP
YoY	+35.8%	+227.7%	+428.5%	+104.1%	+103.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,626	546	293	570	21.3	4.3	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	17,149	624	63	307	11.5	3.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	19,607	979	473	443	16.5	5.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	16,433	707	435	259	9.7	4.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	20,053	1,316	677	672	25.1	6.6	Nov 8, 2024	J-GAAP
YoY	+58.8%	+141.0%	+131.1%	+17.9%	+17.8%