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JAC Recruitment Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 6%

Mon Nov 11, 2024 3:30 pm JST Earnings

2124 JAC Recruitment Co., Ltd. 【J-GAAP】

Earnings Report

JAC Recruitment Co., Ltd. <2124> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 6.2% from the same period last year, reaching 7.24 billion yen. The progress rate against the 8.8 billion yen full-year plan was 82.4%, it was below the five-year average of 85.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 12.0% from the same period last year, reaching 1.55 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 8.6% from the same period last year, reaching 2.88 billion yen. However, the operating profit margin decreased from 28.8% in the same period last year to 27.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 22,918 6,000 6,013 4,276 26.5 85.3 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 26,495 6,823 6,824 4,922 30.8 83.1 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 29,502 7,240 7,249 4,858 30.4 82.4 Nov 11, 2024 J-GAAP
YoY +11.3% +6.1% +6.2% -1.3% -1.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 17,226 4,052 4,044 2,958 18.5 22.50 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 19,903 4,442 4,440 3,127 19.8 26 Aug 9, 2024 J-GAAP
YoY +15.5% +9.6% +9.8% +5.7% +6.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 30,435 7,044 7,052 5,029 31.1 20 Feb 13, 2023 J-GAAP
Dec, 2023 34,475 8,215 8,209 5,978 37.4 22.50 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 39,000 8,800 8,800 6,000 37.9 26 Aug 9, 2024 J-GAAP
YoY +13.1% +7.1% +7.2% +0.4% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,246 2,660 2,659 1,902 11.9 28.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 7,980 1,392 1,385 1,056 6.6 17.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 9,547 2,212 2,218 1,501 9.4 23.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,550 2,146 2,142 1,372 8.6 22.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,405 2,882 2,889 1,985 12.4 27.7 Nov 11, 2024 J-GAAP
YoY +12.5% +8.3% +8.6% +4.4% +4.5%

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