Joban Kosan Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 18%

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Tue Nov 12, 2024 3:30 pm JST Earnings

9675 Joban Kosan Co.,Ltd. 【J-GAAP】

Earnings Report

Joban Kosan Co.,Ltd. <9675> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.85 billion yen, an increase of 36.8% compared to the same period last year, exceeded the previous forecast of 1.53 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 18.4%, from the previous forecast of 1.47 billion yen to 1.74 billion yen (compared to 1.23 billion yen in the previous period), increasing the growth rate from 19.2% to 41.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to further decrease to loss of 114 million yen (compared to a loss of 122 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.1% from the same period last year, reaching 1.8 billion yen. The operating profit margin rose from 28.8% in the same period last year to 31.6%.

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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	6,920	729	876	739	84.2	128.3	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	8,076	1,354	1,355	-5	-0.6	109.9	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	9,137	1,833	1,854	1,529	174.1	106.6	Nov 12, 2024	J-GAAP
YoY	+13.1%	+35.4%	+36.8%	－	－

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	9,000	1,610	1,530	1,310	149.2	0	Sep 9, 2024	J-GAAP
Apr - Sep, 2024 Results	9,137	1,833	1,854	1,529	174.1	0	Nov 12, 2024	J-GAAP
Revision Rate	+1.5%	+13.9%	+21.2%	+16.7%	+16.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	16,100	1,740	1,470	1,380	157.1	－	Sep 9, 2024	J-GAAP
Mar, 2025 New	16,300	1,920	1,740	1,480	168.5	－	Nov 12, 2024	J-GAAP
Revision Rate	+1.2%	+10.3%	+18.4%	+7.2%	+7.2%

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	6,805	-31	-122	939	106.9	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,163	87	-114	-49	-5.6	－	Nov 12, 2024	J-GAAP
YoY	+5.3%	－	+6.6%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,434	620	683	645	73.5	0	May 15, 2023	J-GAAP
Mar, 2024	14,881	1,323	1,233	934	106.4	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	16,300	1,920	1,740	1,480	168.5	－	Nov 12, 2024	J-GAAP
YoY	+9.5%	+45.1%	+41.1%	+58.5%	+58.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,006	1,444	1,400	63	7.2	28.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,469	155	142	1,081	123.1	4.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	3,336	-186	-264	-142	-16.2	-5.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,451	36	47	0	-0.1	1.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,686	1,797	1,807	1,529	174.1	31.6	Nov 12, 2024	J-GAAP
YoY	+13.6%	+24.4%	+29.1%	+2,327.0%	+2,324.8%