JMC CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 98%, July-September Ordinary Profit Turns to Loss

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Thu Nov 14, 2024 3:30 pm JST Earnings

5704 JMC CORPORATION 【J-GAAP】

Earnings Report

JMC CORPORATION <5704> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 97.9% from the same period last year to 10 million yen. The progress rate against the 122 million yen full-year plan was 8.2%, also falling below the five-year average of 67.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 72.3% from the same period last year, reaching 112 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit/loss turned to a loss of 66 million yen (compared to a profit of 167 million yen in the same period last year). The operating profit/loss margin drastically worsened from 18.4% in the same period last year to -11.7%.

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	2,038	238	273	183	34.6	71.7	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	2,668	466	468	300	56.3	87.8	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	2,147	6	10	3	0.7	8.2	Nov 14, 2024	J-GAAP
YoY	-19.5%	-98.7%	-97.9%	-99.0%	-98.7%

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	1,881	237	232	175	32.7	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,562	47	46	32	5.8	0	Aug 14, 2024	J-GAAP
YoY	-17.0%	-80.2%	-80.2%	-81.7%	-82.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,955	351	381	247	46.7	0	Feb 14, 2023	J-GAAP
Dec, 2023	3,640	536	533	363	67.9	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,180	115	122	81	14.6	0	Aug 14, 2024	J-GAAP
YoY	-12.6%	-78.5%	-77.1%	-77.7%	-78.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	909	167	167	112	21.0	18.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	972	70	65	63	11.8	7.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	900	109	111	74	13.5	12.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	718	-41	-35	-25	-4.5	-5.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	529	-62	-66	-46	-10.9	-11.7	Nov 14, 2024	J-GAAP
YoY	-41.8%	－	－	－	－