JINJIB Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 99%

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Thu Nov 14, 2024 4:00 pm JST Earnings

142A JINJIB Co.,Ltd.

Earnings Report

JINJIB Co.,Ltd. <142A> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 82.8% from the same period last year to 25 million yen, fell short of the previous forecast of 57 million yen.

In addition, the full-year ordinary profit has downwardly by 98.7%, from the previous forecast of 234 million yen to 3 million yen (compared to 253 million yen in the previous period), leading to an increase in the profit decline rate from 7.5% to 98.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 22 million yen (compared to a profit of 108 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 106 million yen, a 45.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 27.9% in the same period last year to 14.0%.

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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, 2024	1,292	26	25	18	6.5	833.3	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

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	1,429	60	57	40	13.8	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,292	26	25	18	6.5	0	Nov 14, 2024	J-GAAP
Revision Rate	-9.6%	-56.7%	-56.1%	-55.0%	-52.9%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,880	240	234	148	51.0	0	May 14, 2024	J-GAAP
Mar, 2025 New	2,388	8	3	1	0.3	0	Nov 14, 2024	J-GAAP
Revision Rate	-17.1%	-96.7%	-98.7%	-99.3%	-99.3%

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	973	124	108	47	21.8	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,096	-18	-22	-17	-5.8	0	Nov 14, 2024	J-GAAP
YoY	+12.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	2,082	272	253	141	65.2	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	2,388	8	3	1	0.3	0	Nov 14, 2024	J-GAAP
YoY	+14.7%	-97.1%	-98.8%	-99.3%	-99.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2024	534	92	80	30	13.9	17.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	527	-81	-81	-57	-20.1	-15.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	765	107	106	75	27.1	14.0	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－