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Joyfull, Jul-Mar (Cumulative 3Q) Ordinary Profit Decreases by 11%

Mon May 12, 2025 5:00 pm JST Earnings

9942 Joyfull Co.,Ltd. 【J-GAAP】

Earnings Report

Joyfull Co.,Ltd. <9942> [FSE] announced its financial results after the market closed on May 12th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending June 2025 (July 2024 to March 2025) decreased 11.0% from the same period last year to 3.01 billion yen. However, the progress rate toward the full-year plan of 2.97 billion yen is 101.6%, already exceeding the target and also exceeding the five-year average of 85.8%.

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/loss for the April to June period (4Q) is expected to turn into a loss of 0.04 billion yen (compared to a profit of 0.51 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from January to March (3Q), the consolidated ordinary profit significantly dropped to 0.47 billion yen, a 59.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.6% in the same period last year to 2.7%.

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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
Jul - Mar, 2022 43,515 1,107 1,217 1,227 39.8 66.8 May 15, 2023 J-GAAP
Jul - Mar, 2023 49,675 3,413 3,393 3,279 106.2 86.8 May 13, 2024 J-GAAP
Jul - Mar, 2024 52,240 2,979 3,019 2,368 76.6 101.6 May 12, 2025 J-GAAP
YoY +5.2% -12.7% -11.0% -27.8% -27.8%

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 32,031 1,719 1,699 1,238 40.1 5 Aug 13, 2024 J-GAAP
Jan - Jun, 2025 Guidance 31,333 480 428 695 22.5 5 Feb 10, 2025 J-GAAP
YoY -2.2% -72.1% -74.8% -43.9% -43.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 59,097 1,733 1,822 1,610 52.2 5 Aug 14, 2023 J-GAAP
Jun, 2024 65,957 3,936 3,910 3,319 107.5 10 Aug 13, 2024 J-GAAP
Jun, 2025 Guidance 66,890 3,010 2,970 2,770 89.6 10 Aug 13, 2024 J-GAAP
YoY +1.4% -23.5% -24.0% -16.5% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 15,749 1,196 1,182 1,198 38.8 7.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 16,282 523 517 40 1.3 3.2 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 18,434 2,129 2,126 1,817 58.8 11.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 17,123 401 416 258 8.4 2.3 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 16,683 449 477 293 9.5 2.7 May 12, 2025 J-GAAP
YoY +5.9% -62.5% -59.6% -75.5% -75.6%

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