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Joshin Denki, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 78%, Oct-Dec Ordinary Profit Turns to Loss

Tue Feb 4, 2025 12:30 pm JST Earnings

8173 Joshin Denki Co., Ltd. 【J-GAAP】

Earnings Report

Joshin Denki Co., Ltd. <8173> [TSE Prime] announced its financial results at noon (12:30) on February 4th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 78.3% from the same period last year to 1.37 billion yen. The progress rate toward the full-year plan of 4 billion yen was 34.3%, also falling below the five-year average of 77.0%.

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 January to March period (4Q) is expected to expand 36.8% from the same period last year, reaching 2.62 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.4 billion yen (compared to a profit of 1.78 billion yen in the same period last year). The operating profit/loss margin worsened from 1.6% in the same period last year to -0.3%.

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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 305,642 6,117 6,144 4,141 155.2 73.9 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 307,290 6,379 6,331 4,127 156.5 76.7 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 295,017 1,487 1,373 2,394 92.1 34.3 Feb 4, 2025 J-GAAP
YoY -4.0% -76.7% -78.3% -42.0% -41.2%

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 206,209 3,778 3,702 1,781 67.7 90 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 208,014 2,162 2,223 1,604 61.8 100 Nov 5, 2024 J-GAAP
YoY +0.9% -42.8% -40.0% -9.9% -8.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 408,460 8,311 8,317 4,972 186.8 75 May 9, 2023 J-GAAP
Mar, 2024 403,692 8,364 8,251 4,891 185.9 90 May 7, 2024 J-GAAP
Mar, 2025 Guidance 400,000 4,000 4,000 3,800 146.5 100 Oct 25, 2024 J-GAAP
YoY -0.9% -52.2% -51.5% -22.3% -21.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 109,807 1,793 1,782 1,017 38.6 1.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 96,402 1,985 1,920 764 29.0 2.1 May 7, 2024 J-GAAP
Apr - Jun, 2024 90,195 909 904 468 18.0 1.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 101,791 929 873 1,728 66.4 0.9 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 103,031 -351 -404 198 7.6 -0.3 Feb 4, 2025 J-GAAP
YoY -6.2% － － -80.5% -80.3%

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