JAPAN CASH MACHINE CO.,LTD., First Half Ordinary Profit Increases by 70%, Current Fiscal Year Dividend Revised Upward by 22 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

6418 JAPAN CASH MACHINE CO.,LTD. 【J-GAAP】

Earnings Report

JAPAN CASH MACHINE CO.,LTD. <6418> [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 2.99 billion yen, an increase of 70.4% compared to the same period last year. The progress rate against the 3.9 billion yen full-year plan was 76.7%, also surpassing the five-year average of 67.8%.

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 drop by 49.9% from the same period last year to 907 million yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 28 yen to 50 yen (compared to 26 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 616 million yen, a 29.8% decrease compared to the same period last year. However, the operating profit margin drastically improved from 9.3% in the same period last year to 16.5%.

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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	12,284	600	1,658	1,292	43.6	130.9	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	13,321	919	1,756	1,371	46.7	49.2	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	21,253	3,755	2,993	2,490	91.8	76.7	Nov 8, 2024	J-GAAP
YoY	+59.5%	+308.6%	+70.4%	+81.6%	+96.4%

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	21,000	3,400	3,100	2,500	92.8	14	Aug 7, 2024	J-GAAP
Apr - Sep, 2024 Results	21,253	3,755	2,993	2,490	91.8	14	Nov 8, 2024	J-GAAP
Revision Rate	+1.2%	+10.4%	-3.5%	-0.4%	-1.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	37,500	4,300	3,900	3,100	115.1	28	Aug 7, 2024	J-GAAP
Mar, 2025 New	37,500	4,300	3,900	3,100	115.1	50	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	18,289	1,920	1,812	1,910	65.5	19	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,247	545	907	610	22.7	36	Nov 8, 2024	J-GAAP
YoY	-11.2%	-71.6%	-49.9%	-68.1%	-65.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,258	622	1,267	3,146	106.2	10	May 10, 2023	J-GAAP
Mar, 2024	31,610	2,839	3,568	3,281	112.6	26	May 9, 2024	J-GAAP
Mar, 2025 Guidance	37,500	4,300	3,900	3,100	115.1	50	Nov 8, 2024	J-GAAP
YoY	+18.6%	+51.5%	+9.3%	-5.5%	+2.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,935	644	878	621	21.2	9.3	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	8,961	1,078	603	314	10.7	12.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	9,328	842	1,209	1,596	54.8	9.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	10,104	1,917	2,377	2,004	73.3	19.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	11,149	1,838	616	486	17.9	16.5	Nov 8, 2024	J-GAAP
YoY	+60.8%	+185.4%	-29.8%	-21.7%	-15.4%