J.E.T., Last Fiscal Year Ordinary Profit Revised Downward by 50%, Dividend Revised down by 11 yen

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Fri Jan 31, 2025 3:30 pm JST Revision

6228 J.E.T.Co.,LTD. 【J-GAAP】

Guidance Update Report

J.E.T.Co.,LTD. <6228> [TSE Std] announced a revision to its performance and dividend after the market closed on January 31st (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 has decreased 49.6%, from the previous forecast of 1.35 billion yen to 0.68 billion yen (compared to 2.44 billion yen in the previous period), leading to an increase in the profit decline rate from 44.8% to 72.2%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated ordinary profit has decreased 80.7%, from the previous forecast of 0.83 billion yen to 0.16 billion yen (compared to 1.5 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 44.7% to 89.3%.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the last fiscal year from the original plan of 17 yen to 6 yen (compared to 102 yen before the 3-for-1 forward stock split in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	11,512	873	830	603	45.9	17	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	7,912	223	160	33	2.5	6	Jan 31, 2025	J-GAAP
Revision Rate	-31.3%	-74.5%	-80.7%	-94.5%	-94.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	21,480	1,460	1,350	900	68.6	17	Aug 9, 2024	J-GAAP
Dec, 2024 New	17,880	810	680	330	25.2	6	Jan 31, 2025	J-GAAP
Revision Rate	-16.8%	-44.5%	-49.6%	-63.3%	-63.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	13,260	1,574	1,500	1,005	85.1	34	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	7,912	223	160	33	2.5	6	Jan 31, 2025	J-GAAP
YoY	-40.3%	-85.8%	-89.3%	-96.7%	-97.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	24,984	2,613	2,444	1,651	139.8	34	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	17,880	810	680	330	25.2	6	Jan 31, 2025	J-GAAP
YoY	-28.4%	-69.0%	-72.2%	-80.0%	-82.0%