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

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 5.9 18 Nov 8, 2024 J-GAAP
YoY -69.0% -66.8% -78.2% -80.1% -80.9%

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 8.1 18 Aug 7, 2024 J-GAAP
YoY -41.2% -50.8% -71.2% -78.4% -79.3%

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%

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