JRC, Sep-Nov (3Q) Ordinary Profit Decreases by 11%

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Tue Jan 14, 2025 3:30 pm JST Earnings

6224 JRC Co.,Ltd. 【J-GAAP】

Earnings Report

JRC Co.,Ltd. <6224> [TSE Growth] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 12.9% from the same period last year, reaching 1.03 billion yen. However, the progress rate toward the full-year plan of 1.6 billion yen was 64.3%, also falling below the same period of the previous year of 71.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to expand 59.2% from the same period last year, reaching 0.57 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 0.36 billion yen, a 11.4% decrease compared to the same period last year. The operating profit margin decreased from 16.0% in the same period last year to 12.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Nov, 2023	6,965	910	913	573	45.4	71.7	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	7,918	1,011	1,031	745	60.9	64.3	Jan 14, 2025	J-GAAP
YoY	+13.7%	+11.1%	+12.9%	+30.0%	+34.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	5,083	773	773	553	43.8	21	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	5,678	931	939	546	44.2	13	Oct 11, 2024	J-GAAP
YoY	+11.7%	+20.4%	+21.5%	-1.3%	+0.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	9,473	1,270	1,273	847	67.1	21	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	10,627	1,582	1,604	1,069	86.5	26	Apr 12, 2024	J-GAAP
YoY	+12.2%	+24.6%	+26.0%	+26.2%	+28.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	2,575	413	413	279	22.1	16.0	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,508	360	360	274	21.7	14.4	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,355	254	258	245	20.2	10.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,594	397	407	278	22.9	15.3	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	2,969	360	366	222	18.2	12.1	Jan 14, 2025	J-GAAP
YoY	+15.3%	-12.8%	-11.4%	-20.4%	-17.8%