J Frontier, First Half Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

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Tue Jan 14, 2025 4:00 pm JST Earnings

2934 J Frontier Co.,Ltd. 【J-GAAP】

Earnings Report

J Frontier Co.,Ltd. <2934> [TSE Growth] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a profit of 111 million yen (compared to a loss of 232 million yen in the same period last year). This has already exceeded the planned deficit of loss of 160 million yen for the .

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 December to May period (2H) is expected to further decrease loss of 271 million yen (compared to a loss of 410 million yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit/loss turned to a profit of 102 million yen (compared to a loss of 263 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.8% in the same period last year to 2.1%.

Kabutan News

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	9,103	-388	-402	-353	-77.4	ー	Jan 13, 2023	J-GAAP
Jun - Nov, 2023	8,013	-221	-232	-286	-59.3	ー	Jan 12, 2024	J-GAAP
Jun - Nov, 2024	10,843	131	111	7	1.6	ー	Jan 14, 2025	J-GAAP
YoY	+35.3%	－	－	－	－

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	ー	ー	ー	ー	－	0	Dec 11, 2024	J-GAAP
Jun - Nov, 2024 Results	10,843	131	111	7	1.6	0	Jan 14, 2025	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
Dec - May, 2023	9,701	-332	-410	-1,800	-367.7	0	Dec 11, 2024	J-GAAP
Dec - May, 2024 Guidance	10,157	-231	-271	-397	-76.1	0	Jan 14, 2025	J-GAAP
YoY	+4.7%	+30.4%	+33.9%	+77.9%	+79.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	16,844	-1,816	-1,841	-1,899	-410.6	0	Jul 14, 2023	J-GAAP
May, 2024	17,714	-553	-642	-2,086	-426.1	0	Dec 11, 2024	J-GAAP
May, 2025 Guidance	21,000	-100	-160	-390	-74.7	0	Dec 11, 2024	J-GAAP
YoY	+18.6%	+81.9%	+75.1%	+81.3%	+82.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	3,790	-257	-263	-255	-52.9	-6.8	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	4,364	-320	-319	-351	-72.3	-7.3	Apr 12, 2024	J-GAAP
Mar - May, 2024	5,337	-12	-91	-1,449	-296.0	-0.2	Dec 11, 2024	J-GAAP
Jun - Aug, 2024	5,428	18	9	-19	-4.0	0.3	Jan 14, 2025	J-GAAP
Sep - Nov, 2024	5,415	113	102	26	5.9	2.1	Jan 14, 2025	J-GAAP
YoY	+42.9%	－	－	－	－