J Trust Co.,Ltd., January-September (Third Quarter Cumulative) Net Income Decreases by 79%, July-September Net Income Decreases by 44%

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Wed Nov 13, 2024 4:00 pm JST Earnings

8508 J Trust Co.,Ltd. 【IFRS】

Earnings Report

J Trust Co.,Ltd. <8508> [TSE-S] announced its financial results (based on IFRS) after the market closed on November 13th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 78.8% from the same period last year to 4.05 billion yen. The progress rate against the 6.4 billion yen full-year plan was 63.3%, also falling below the four-year average of 148.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to December period (4Q) is expected to turn into a profit of 2.34 billion yen (compared to a loss of 2.81 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income dropped to 1.28 billion yen, a 44.2% decrease compared to the same period last year. However, the operating profit margin improved from 8.5% in the same period last year to 9.4%.

Kabutan News

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	56,982	14,946	18,036	14,259	126.0	104.8	Nov 14, 2022	IFRS
Jan - Sep, 2023	84,444	12,170	14,135	19,125	141.8	144.6	Nov 13, 2023	IFRS
Jan - Sep, 2024	96,915	5,025	5,985	4,051	29.8	73.0	Nov 13, 2024	IFRS
YoY	+14.8%	-58.7%	-57.7%	-78.8%	-79.0%

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	60,718	-1,479	-1,445	-507	-3.7	13	Feb 13, 2024	IFRS
Jul - Dec, 2024 Guidance	62,573	5,343	4,169	3,638	27.4	14	Aug 9, 2024	IFRS
YoY	+3.1%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	82,038	14,589	17,205	12,632	110.8	10	Feb 14, 2023	IFRS
Dec, 2023	114,279	8,059	9,772	16,310	120.4	14	Feb 13, 2024	IFRS
Dec, 2024 Guidance	128,000	7,400	8,200	6,400	48.2	14	Feb 13, 2024	IFRS
YoY	+12.0%	-8.2%	-16.1%	-60.8%	-60.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	30,883	2,632	2,918	2,308	17.1	8.5	Nov 13, 2023	IFRS
Oct - Dec, 2023	29,835	-4,111	-4,363	-2,815	-20.8	-13.8	Feb 13, 2024	IFRS
Jan - Mar, 2024	31,554	-281	563	38	0.3	-0.9	May 14, 2024	IFRS
Apr - Jun, 2024	33,873	2,338	3,468	2,724	19.9	6.9	Aug 9, 2024	IFRS
Jul - Sep, 2024	31,488	2,968	1,954	1,289	9.5	9.4	Nov 13, 2024	IFRS
YoY	+2.0%	+12.8%	-33.0%	-44.2%	-44.7%