JALCO Holdings Inc., July-September (2Q) Ordinary Profit Decreases by 68%

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Fri Nov 8, 2024 3:30 pm JST Earnings

6625 JALCO Holdings Inc. 【J-GAAP】

Earnings Report

JALCO Holdings Inc. <6625> [TSE-S] 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) was 443 million yen, a 2.8% increase compared to the same period last year. However, The progress rate against the 1.43 billion yen full-year plan was 30.8%, also falling below the five-year average of 33.9%.

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 significant drop by 78.2% from the same period last year to 995 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 66 million yen, a 68.4% decrease compared to the same period last year. However, the operating profit margin rose from 29.1% in the same period last year to 30.1%.

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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	1,672	1,010	576	350	3.3	25.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	2,886	1,043	431	866	8.2	8.6	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,432	1,364	443	241	2.3	30.8	Nov 8, 2024	J-GAAP
YoY	+53.6%	+30.8%	+2.8%	-72.2%	-72.2%

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	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	4,432	1,364	443	241	2.3	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	9,852	5,320	4,562	3,289	31.1	18	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,058	1,765	995	655	6.1	18	Nov 8, 2024	J-GAAP
YoY	-69.0%	-66.8%	-78.2%	-80.1%	-80.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,963	3,229	2,267	1,820	17.2	6	May 12, 2023	J-GAAP
Mar, 2024	12,738	6,363	4,993	4,155	39.3	18	May 10, 2024	J-GAAP
Mar, 2025 Guidance	7,490	3,129	1,438	896	8.3	18	Aug 7, 2024	J-GAAP
YoY	-41.2%	-50.8%	-71.2%	-78.4%	-78.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,951	567	209	133	1.3	29.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,255	1,317	1,021	838	7.9	25.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,597	4,003	3,541	2,451	23.2	87.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,526	790	377	220	2.1	31.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,906	574	66	21	0.2	30.1	Nov 8, 2024	J-GAAP
YoY	-2.3%	+1.2%	-68.4%	-84.2%	-84.1%