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JTP CO.,Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 32%

Thu Nov 14, 2024 3:30 pm JST Earnings

2488 JTP CO.,Ltd. 【J-GAAP】

Earnings Report

JTP CO.,Ltd. <2488> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 341 million yen, an increase of 32.2% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 0.8% decrease.

The progress rate against the 680 million yen full-year plan was 50.1%, also surpassing the five-year average of 37.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 16.7% from the same period last year to 339 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 27.9% from the same period last year, reaching 243 million yen. The operating profit margin improved from 9.2% 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
Apr - Sep, 2022 3,544 206 228 151 27.2 47.9 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 3,899 243 258 183 32.6 38.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 4,381 345 341 225 39.9 50.1 Nov 14, 2024 J-GAAP
YoY +12.4% +42.0% +32.2% +23.0% +22.4%

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 4,150 256 256 182 32.1 12 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 4,381 345 341 225 39.9 12 Nov 14, 2024 J-GAAP
Revision Rate +5.6% +34.8% +33.2% +23.6% +24.4%

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 4,220 388 407 299 53.1 31 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,341 335 339 265 46.7 25 Nov 14, 2024 J-GAAP
YoY +2.9% -13.7% -16.7% -11.4% -12.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,381 464 476 315 56.2 31 May 15, 2023 J-GAAP
Mar, 2024 8,119 631 665 482 85.7 36 May 13, 2024 J-GAAP
Mar, 2025 Guidance 8,722 680 680 490 86.3 37 May 13, 2024 J-GAAP
YoY +7.4% +7.8% +2.3% +1.7% +0.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,015 186 190 128 22.8 9.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,068 169 166 110 19.6 8.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,152 219 241 189 33.6 10.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,048 92 98 62 11.1 4.5 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 2,333 253 243 163 28.9 10.8 Nov 14, 2024 J-GAAP
YoY +15.8% +36.0% +27.9% +27.3% +26.7%

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