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JGC HOLDINGS CORPRATION, First Half Ordinary Profit Decreases by 24%, July-September Ordinary Profit Decreases by 77%

Tue Nov 12, 2024 3:30 pm JST Earnings

1963 JGC HOLDINGS CORPRATION 【J-GAAP】

Earnings Report

JGC HOLDINGS CORPRATION <1963> [TSE-P] 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) decreased by 23.8% from the same period last year to 19.3 billion yen. The progress rate against the 34 billion yen full-year plan was 56.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 14.6 billion yen (compared to a loss of 25 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.72 billion yen, a 77.4% decrease compared to the same period last year. However, the operating profit margin improved from 1.3% in the same period last year to 2.1%.

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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 267,209 18,981 30,481 20,738 82.1 60.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 403,261 13,007 25,401 12,588 52.3 7,095.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 406,708 12,420 19,356 12,772 52.9 56.9 Nov 12, 2024 J-GAAP
YoY +0.9% -4.5% -23.8% +1.5% +1.1%

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 14, 2024 J-GAAP
Apr - Sep, 2024 Results 406,708 12,420 19,356 12,772 52.9 － Nov 12, 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 429,334 -32,002 -25,043 -20,418 -84.7 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 423,292 13,580 14,644 10,228 42.3 40 Nov 12, 2024 J-GAAP
YoY -1.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 606,890 36,699 50,560 30,665 122.3 38 May 11, 2023 J-GAAP
Mar, 2024 832,595 -18,995 358 -7,830 -32.5 40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 830,000 26,000 34,000 23,000 95.2 40 May 14, 2024 J-GAAP
YoY -0.3% － +9,397.2% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 223,401 2,963 7,625 2,339 9.7 1.3 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 197,808 -3,735 -2,078 -1,965 -8.2 -1.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 231,526 -28,267 -22,965 -18,453 -76.6 -12.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 204,165 8,105 17,632 12,386 51.3 4.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 202,543 4,315 1,724 386 1.6 2.1 Nov 12, 2024 J-GAAP
YoY -9.3% +45.6% -77.4% -83.5% -83.5%

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