Japan Process Development, The Current Fiscal Year Net Income Revised Upward by 85%, Raises Record High Profit Forecast, Dividend Revised Upward by 2 yen

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Mon Mar 31, 2025 3:30 pm JST Earnings

9651 Japan Process Development Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Process Development Co.,Ltd. <9651> [TSE Std] announced its financial results after the market closed on March 31st (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) surged 2.3 times that of the same period last year, reaching 1.24 billion yen.

In addition, the full-year consolidated net income has been revised upward 85.4%, from the previous forecast of 0.75 billion yen to 1.4 billion yen (compared to 0.73 billion yen in the previous period), increasing the growth rate from 3.4% to 91.8%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the December to May period (2H) is expected to increase 3.2 times, from the previous forecast of 0.29 billion yen to 0.93 billion yen (compared to 0.39 billion yen in the same period of the previous year), turning to a 2.4 times increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 52 yen to 54 yen (compared to 38 yen in the previous period).

In the most recent three-month period, from December to February (3Q), the consolidated net income surged 3.9 times that of the same period last year, reaching 0.77 billion yen. The operating profit margin rose from 10.9% in the same period last year to 11.9%.

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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
Jun - Feb, 2022	6,530	688	733	507	52.6	75.8	Mar 31, 2023	J-GAAP
Jun - Feb, 2023	6,883	717	752	542	56.1	74.6	Mar 29, 2024	J-GAAP
Jun - Feb, 2024	7,622	855	981	1,242	128.4	81.1	Mar 31, 2025	J-GAAP
YoY	+10.7%	+19.2%	+30.5%	+129.2%	+128.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2024 Prev	5,038	462	406	291	30.1	26	Dec 27, 2024	J-GAAP
Dec - May, 2024 New	5,388	537	556	936	96.7	28	Mar 31, 2025	J-GAAP
Revision Rate	+6.9%	+16.2%	+36.9%	+221.6%	+221.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	10,000	1,000	1,060	755	78.0	52	Jul 9, 2024	J-GAAP
May, 2025 New	10,350	1,075	1,210	1,400	144.7	54	Mar 31, 2025	J-GAAP
Revision Rate	+3.5%	+7.5%	+14.2%	+85.4%	+85.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	4,927	494	532	390	40.4	20	Jul 9, 2024	J-GAAP
Dec - May, 2024 Guidance	5,388	537	556	936	96.7	28	Mar 31, 2025	J-GAAP
YoY	+9.4%	+8.7%	+4.5%	+140.0%	+139.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	8,923	908	967	682	70.7	35	Jul 7, 2023	J-GAAP
May, 2024	9,468	956	1,008	730	75.6	38	Jul 9, 2024	J-GAAP
May, 2025 Guidance	10,350	1,075	1,210	1,400	144.7	54	Mar 31, 2025	J-GAAP
YoY	+9.3%	+12.4%	+20.0%	+91.8%	+91.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	2,342	255	276	202	20.9	10.9	Mar 29, 2024	J-GAAP
Mar - May, 2024	2,585	239	256	188	19.5	9.2	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	2,389	226	322	226	23.5	9.5	Sep 30, 2024	J-GAAP
Sep - Nov, 2024	2,573	312	332	238	24.7	12.1	Dec 27, 2024	J-GAAP
Dec - Feb, 2024	2,660	317	327	778	80.4	11.9	Mar 31, 2025	J-GAAP
YoY	+13.6%	+24.3%	+18.5%	+285.1%	+284.7%