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JTOWER Inc., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

4485 JTOWER Inc. 【J-GAAP】

Earnings Report

JTOWER Inc. <4485> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 324 million yen (compared to a profit of 195 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to expand to a loss of 676 million yen (compared to a loss of 297 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 136 million yen (compared to a profit of 90 million yen in the same period last year). The operating profit margin drastically worsened from 9.2% in the same period last year to 4.3%.

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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 2,284 229 329 223 10.2 ー Nov 9, 2022 J-GAAP
Apr - Sep, 2023 4,778 428 195 116 5.3 ー Nov 8, 2023 J-GAAP
Apr - Sep, 2024 7,704 241 -324 -407 -15.9 ー Nov 14, 2024 J-GAAP
YoY +61.2% -43.7% － － －

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 － 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 7,704 241 -324 -407 -15.9 0 Nov 14, 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 6,741 440 -297 -316 -14.2 0 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,996 209 -676 -913 -35.5 0 Nov 14, 2024 J-GAAP
YoY +18.6% -52.5% -127.6% -188.9% -149.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,228 117 -1,238 -1,602 -72.8 0 May 11, 2023 J-GAAP
Mar, 2024 11,519 868 -102 -200 -9.0 0 May 9, 2024 J-GAAP
Mar, 2025 Guidance 15,700 450 -1,000 -1,320 -51.3 0 Aug 14, 2024 J-GAAP
YoY +36.3% -48.2% -880.4% -560.0% -470.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,692 248 90 48 2.2 9.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 3,128 277 -100 -119 -5.6 8.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 3,613 163 -197 -197 -8.9 4.5 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,719 68 -188 -46 -1.8 1.8 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 3,985 173 -136 -361 -14.1 4.3 Nov 14, 2024 J-GAAP
YoY +48.0% -30.2% － － －

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