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

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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%	－	－	－