Japan Exchange, Apr-Dec (Cumulative 3Q) Net Income Increases by 1%

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Thu Jan 30, 2025 12:00 pm JST Earnings

8697 Japan Exchange Group, Inc. 【IFRS】

Earnings Report

Japan Exchange Group, Inc. <8697> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on January 30th. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 46.9 billion yen, a 0.8% increase compared to the same period last year. The progress rate toward the full-year plan of 58 billion yen was 81.0%, also surpassing the five-year average of 74.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 22.5% from the same period last year to 11 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 14.6 billion yen, a 3.3% decrease compared to the same period last year. The operating profit margin decreased from 56.3% in the same period last year to 54.6%.

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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
Apr - Dec, 2022	100,529	51,765	51,736	35,175	33.4	75.9	Jan 30, 2023	IFRS
Apr - Dec, 2023	111,639	66,042	66,024	46,591	44.8	75.5	Jan 29, 2024	IFRS
Apr - Dec, 2024	121,591	69,441	69,510	46,967	45.1	80.8	Jan 30, 2025	IFRS
YoY	+8.9%	+5.1%	+5.3%	+0.8%	+0.8%

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	79,486	42,945	42,898	29,390	28.2	30	Apr 30, 2024	IFRS
Oct - Mar, 2024 Guidance	77,190	38,282	38,274	25,692	24.7	17	Oct 29, 2024	IFRS
YoY	-2.9%	-10.9%	-10.8%	-12.6%	-12.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	133,991	68,253	68,207	46,342	44.0	31.50	Apr 27, 2023	IFRS
Mar, 2024	152,871	87,444	87,404	60,822	58.5	45.50	Apr 30, 2024	IFRS
Mar, 2025 Guidance	159,000	86,000	86,000	58,000	55.8	33.50	Oct 29, 2024	IFRS
YoY	+4.0%	-1.7%	-1.6%	-4.6%	-4.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	38,254	21,543	21,518	15,159	14.6	56.3	Jan 29, 2024	IFRS
Jan - Mar, 2024	41,232	21,402	21,380	14,231	13.7	51.9	Apr 30, 2024	IFRS
Apr - Jun, 2024	40,328	23,291	23,293	15,768	15.2	57.8	Jul 30, 2024	IFRS
Jul - Sep, 2024	41,482	24,427	24,433	16,540	15.9	58.9	Oct 29, 2024	IFRS
Oct - Dec, 2024	39,781	21,723	21,784	14,659	14.1	54.6	Jan 30, 2025	IFRS
YoY	+4.0%	+0.8%	+1.2%	-3.3%	-3.3%