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JSP, The Current Fiscal Year Net Income Revised Downward by 2%

Fri Jan 31, 2025 3:30 pm JST Earnings

7942 JSP Corporation 【J-GAAP】

Earnings Report

JSP Corporation <7942> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 8.9% from the same period last year to 4.9 billion yen.

In addition, the full-year consolidated net income has decreased 1.9%, from the previous forecast of 5.3 billion yen to 5.2 billion yen (compared to 6.39 billion yen in the previous period), leading to an increase in the profit decline rate from 17.1% to 18.6%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 3.7%, from the previous forecast of 2.72 billion yen to 2.62 billion yen (compared to 3.59 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 24.2% to 27.0%.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 2.33 billion yen, a 10.1% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 6.9%.

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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 99,080 2,315 2,763 2,109 70.8 82.2 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 102,437 6,426 6,855 5,386 181.5 84.3 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 108,290 5,739 6,450 4,906 187.2 87.2 Jan 31, 2025 J-GAAP
YoY +5.7% -10.7% -5.9% -8.9% +3.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 74,612 3,796 3,856 2,724 103.9 40 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 70,612 3,396 3,856 2,624 100.1 40 Jan 31, 2025 J-GAAP
Revision Rate -5.4% -10.5% 0.0% -3.7% -3.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 146,000 7,000 7,400 5,300 202.2 80 Apr 30, 2024 J-GAAP
Mar, 2025 New 142,000 6,600 7,400 5,200 198.4 80 Jan 31, 2025 J-GAAP
Revision Rate -2.7% -5.7% 0.0% -1.9% -1.9%

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 68,619 4,316 4,510 3,596 124.8 40 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 70,612 3,396 3,856 2,624 100.1 40 Jan 31, 2025 J-GAAP
YoY +2.9% -21.3% -14.5% -27.0% -19.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 131,714 2,956 3,363 2,531 84.9 50 Apr 28, 2023 J-GAAP
Mar, 2024 135,051 7,563 8,127 6,391 221.8 65 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 142,000 6,600 7,400 5,200 198.4 80 Jan 31, 2025 J-GAAP
YoY +5.1% -12.7% -8.9% -18.6% -10.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 36,005 3,179 3,238 2,591 87.3 8.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 32,614 1,137 1,272 1,005 34.9 3.5 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 34,496 1,292 1,642 1,250 47.7 3.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 36,892 1,912 1,902 1,326 50.6 5.2 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 36,902 2,535 2,906 2,330 88.9 6.9 Jan 31, 2025 J-GAAP
YoY +2.5% -20.3% -10.3% -10.1% +1.8%

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