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

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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%