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JTEC CORPORATION, First Half Ordinary Profit Increases by 51%, July-September Ordinary Profit Increases by 76%

Thu Oct 31, 2024 3:30 pm JST Earnings

2479 JTEC CORPORATION 【J-GAAP】

Earnings Report

JTEC CORPORATION <2479> [TSE-G] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 98 million yen, an increase of 50.8% compared to the same period last year. The progress rate against the 350 million yen full-year plan was 28.0%, exceeding the five-year average of 23.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 56.5% from the same period last year, reaching 252 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 76.5% from the same period last year, reaching 60 million yen. The operating profit margin significantly improved from 4.2% in the same period last year to 7.2%.

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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
Apr - Sep, 2022 1,578 34 62 31 4.0 28.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 1,624 65 65 33 4.1 28.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 1,647 98 98 63 7.9 28.0 Oct 31, 2024 J-GAAP
YoY +1.4% +50.8% +50.8% +90.9% +91.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 1,647 98 98 63 7.9 0 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 1,618 164 161 130 16.4 5 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,103 252 252 130 16.2 － Oct 31, 2024 J-GAAP
YoY +30.0% +53.7% +56.5% 0.0% -0.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,177 178 217 131 16.6 5 May 11, 2023 J-GAAP
Mar, 2024 3,242 229 226 163 20.5 5 May 10, 2024 J-GAAP
Mar, 2025 Guidance 3,750 350 350 193 24.1 － May 10, 2024 J-GAAP
YoY +15.7% +52.8% +54.9% +18.4% +17.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 812 34 34 16 2.0 4.2 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 830 97 96 70 8.8 11.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 788 67 65 60 7.6 8.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 819 38 38 19 2.5 4.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 828 60 60 44 5.5 7.2 Oct 31, 2024 J-GAAP
YoY +2.0% +76.5% +76.5% +175.0% +174.6%

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