JAPAN MATERIAL Co.,Ltd., First Half Ordinary Profit Increases by 25%

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Tue Nov 12, 2024 3:20 pm JST Earnings

6055 JAPAN MATERIAL Co.,Ltd. 【J-GAAP】

Earnings Report

JAPAN MATERIAL Co.,Ltd. <6055> [TSE-P] announced its financial results in the afternoon session on November 12th (15:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 24.7% from the same period last year, reaching 4.28 billion yen. However, The progress rate against the 10 billion yen full-year plan was 42.9%, also falling below the five-year average of 46.6%.

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 grow by 19.2% from the same period last year, reaching 5.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.7% from the same period last year, reaching 2.04 billion yen. The operating profit margin jumped from 14.0% in the same period last year to 20.4%.

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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	23,745	6,127	6,493	4,511	44.0	57.4	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	22,827	3,095	3,437	2,292	22.3	41.8	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	23,053	4,427	4,286	2,925	28.5	42.9	Nov 12, 2024	J-GAAP
YoY	+1.0%	+43.0%	+24.7%	+27.6%	+27.5%

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	23,000	4,200	4,200	2,900	28.2	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	23,053	4,427	4,286	2,925	28.5	0	Nov 12, 2024	J-GAAP
Revision Rate	+0.2%	+5.4%	+2.0%	+0.9%	+0.9%

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	25,765	4,664	4,793	3,389	33.0	20	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,947	5,573	5,714	4,075	39.7	22	Nov 12, 2024	J-GAAP
YoY	+4.6%	+19.5%	+19.2%	+20.2%	+20.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	46,534	11,097	11,307	7,904	77.0	20	May 12, 2023	J-GAAP
Mar, 2024	48,592	7,759	8,230	5,681	55.3	20	May 13, 2024	J-GAAP
Mar, 2025 Guidance	50,000	10,000	10,000	7,000	68.1	22	May 13, 2024	J-GAAP
YoY	+2.9%	+28.9%	+21.5%	+23.2%	+23.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,495	1,746	1,843	1,177	11.5	14.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	13,324	2,390	2,315	1,586	15.5	17.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	12,441	2,274	2,478	1,803	17.6	18.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	11,156	2,001	2,246	1,539	15.0	17.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	11,897	2,426	2,040	1,386	13.5	20.4	Nov 12, 2024	J-GAAP
YoY	-4.8%	+38.9%	+10.7%	+17.8%	+17.7%