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

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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%