Japan Process Development, First Half Ordinary Profit Increases by 37%, Sep-Nov Ordinary Profit Increases by 35%

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Fri Dec 27, 2024 3:30 pm JST Earnings

9651 Japan Process Development Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Process Development Co.,Ltd. <9651> [TSE Std] announced its financial results after the market closed on December 27th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) expanded 0.65 billion yen, an increase 37.4% compared to the same period last year. The progress rate toward the full-year plan of 1.06 billion yen was 61.7%, also surpassing the five-year average of 46.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to decrease 23.7% from the same period last year to 0.4 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit increased 35.0% from the same period last year, reaching 0.33 billion yen. The operating profit margin rose from 10.7% in the same period last year to 12.1%.

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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
Jun - Nov, 2022	4,302	447	467	308	32.0	48.3	Dec 28, 2022	J-GAAP
Jun - Nov, 2023	4,541	462	476	340	35.3	47.2	Dec 28, 2023	J-GAAP
Jun - Nov, 2024	4,962	538	654	464	48.1	61.7	Dec 27, 2024	J-GAAP
YoY	+9.3%	+16.5%	+37.4%	+36.5%	+36.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	4,780	480	575	410	42.4	26	Jul 9, 2024	J-GAAP
Jun - Nov, 2024 Results	4,962	538	654	464	48.1	26	Dec 27, 2024	J-GAAP
Revision Rate	+3.8%	+12.1%	+13.7%	+13.2%	+13.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	4,927	494	532	390	40.4	20	Jul 9, 2024	J-GAAP
Dec - May, 2024 Guidance	5,038	462	406	291	30.1	26	Dec 27, 2024	J-GAAP
YoY	+2.3%	-6.5%	-23.7%	-25.4%	-25.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	8,923	908	967	682	70.7	35	Jul 7, 2023	J-GAAP
May, 2024	9,468	956	1,008	730	75.6	38	Jul 9, 2024	J-GAAP
May, 2025 Guidance	10,000	1,000	1,060	755	78.0	52	Jul 9, 2024	J-GAAP
YoY	+5.6%	+4.6%	+5.2%	+3.4%	+3.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	2,291	246	246	176	18.3	10.7	Dec 28, 2023	J-GAAP
Dec - Feb, 2023	2,342	255	276	202	20.9	10.9	Mar 29, 2024	J-GAAP
Mar - May, 2024	2,585	239	256	188	19.5	9.2	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	2,389	226	322	226	23.5	9.5	Sep 30, 2024	J-GAAP
Sep - Nov, 2024	2,573	312	332	238	24.7	12.1	Dec 27, 2024	J-GAAP
YoY	+12.3%	+26.8%	+35.0%	+35.2%	+35.1%