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

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 － － － － －

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