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

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%.

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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% － － － －

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