JEOL Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Adds to Record High Profit Forecast, Dividend Revised Upward by 4 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

6951 JEOL Ltd. 【J-GAAP】

Earnings Report

JEOL Ltd. <6951> [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) expanded to 14 billion yen, an increase of 38.3% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 3.3%, from the previous forecast of 30.5 billion yen to 31.5 billion yen (compared to 30 billion yen in the previous period), increasing the growth rate from 1.6% to 4.9%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 12.3% from the same period last year to 17.4 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 88 yen to 92 yen (compared to 102 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 21.2% from the same period last year, reaching 9.15 billion yen. The operating profit margin rose from 18.1% in the same period last year to 23.1%.

Kabutan News

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	64,743	6,909	8,848	7,229	141.7	37.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	68,718	8,291	10,192	7,516	147.2	33.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	87,234	15,817	14,099	10,916	213.6	44.8	Nov 8, 2024	J-GAAP
YoY	+26.9%	+90.8%	+38.3%	+45.2%	+45.1%

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	87,000	15,500	13,800	10,500	205.5	44	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	87,234	15,817	14,099	10,916	213.6	44	Nov 8, 2024	J-GAAP
Revision Rate	+0.3%	+2.0%	+2.2%	+4.0%	+4.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	183,000	30,000	30,500	22,500	440.0	88	May 14, 2024	J-GAAP
Mar, 2025 New	196,000	33,000	31,500	23,500	459.5	92	Nov 8, 2024	J-GAAP
Revision Rate	+7.1%	+10.0%	+3.3%	+4.4%	+4.4%

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	105,618	19,240	19,831	14,188	277.8	69	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	108,766	17,183	17,401	12,584	246.1	48	Nov 8, 2024	J-GAAP
YoY	+3.0%	-10.7%	-12.3%	-11.3%	-11.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	162,689	24,155	23,501	17,830	349.3	66	May 12, 2023	J-GAAP
Mar, 2024	174,336	27,531	30,023	21,704	424.9	102	May 14, 2024	J-GAAP
Mar, 2025 Guidance	196,000	33,000	31,500	23,500	459.5	92	Nov 8, 2024	J-GAAP
YoY	+12.4%	+19.9%	+4.9%	+8.3%	+8.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	40,047	7,249	7,556	5,792	113.4	18.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	38,159	4,960	3,993	2,630	51.5	13.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	67,459	14,280	15,838	11,558	226.3	21.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	36,354	4,075	4,943	3,896	76.3	11.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	50,880	11,742	9,156	7,020	137.4	23.1	Nov 8, 2024	J-GAAP
YoY	+27.1%	+62.0%	+21.2%	+21.2%	+21.1%