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JICHODO, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 29% Decrease

Fri Feb 14, 2025 3:30 pm JST Earnings

3597 JICHODO Co.,Ltd. 【J-GAAP】

Earnings Report

JICHODO Co.,Ltd. <3597> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) dropped 35.4% from the same period last year to 1.14 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 31.1%, from the previous forecast of 3.05 billion yen to 2.1 billion yen (compared to 2.94 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 28.7% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to decrease 18.6% from the same period last year to 0.95 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit grew 15.6% from the same period last year, reaching 1.04 billion yen. However, the operating profit margin significantly dropped from 18.4% in the same period last year to 10.8%.

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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
Jul - Dec, 2022 9,080 1,492 1,360 908 315.2 37.9 Feb 13, 2023 J-GAAP
Jul - Dec, 2023 8,693 1,652 1,776 1,220 423.5 60.3 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 7,595 891 1,147 801 278.1 54.6 Feb 14, 2025 J-GAAP
YoY -12.6% -46.1% -35.4% -34.3% -34.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 0 Aug 8, 2024 J-GAAP
Jul - Dec, 2024 Results 7,595 891 1,147 801 278.1 0 Feb 14, 2025 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2025 Prev 17,500 3,000 3,050 2,100 728.6 500 Aug 8, 2024 J-GAAP
Jun, 2025 New 15,500 1,800 2,100 1,500 520.4 500 Feb 14, 2025 J-GAAP
Revision Rate -11.4% -40.0% -31.1% -28.6% -28.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 8,170 958 1,171 795 275.9 500 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance 7,905 909 953 699 242.5 500 Feb 14, 2025 J-GAAP
YoY -3.2% -5.1% -18.6% -12.1% -12.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 17,742 3,088 3,591 2,455 851.8 500 Aug 10, 2023 J-GAAP
Jun, 2024 16,863 2,610 2,947 2,015 699.3 500 Aug 8, 2024 J-GAAP
Jun, 2025 Guidance 15,500 1,800 2,100 1,500 520.4 500 Feb 14, 2025 J-GAAP
YoY -8.1% -31.0% -28.7% -25.6% -25.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,212 776 901 615 213.5 18.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,401 354 403 283 98.2 10.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,769 604 768 512 177.7 12.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,522 452 105 74 25.9 12.8 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 4,073 439 1,042 727 252.4 10.8 Feb 14, 2025 J-GAAP
YoY -3.3% -43.4% +15.6% +18.2% +18.2%

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