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J-OIL MILLS, INC., First Half Ordinary Profit Unexpectedly Revised Upward by 11%

Tue Nov 5, 2024 3:30 pm JST Earnings

2613 J-OIL MILLS, INC. 【J-GAAP】

Earnings Report

J-OIL MILLS, INC. <2613> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.3% from the same period last year, reaching 5.59 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.4% decrease.

The progress rate against the 9.5 billion yen full-year plan was 58.9%, also surpassing the five-year average of 48.6%.

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 decrease by 2.8% from the same period last year to 3.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 19.9% from the same period last year, reaching 3.12 billion yen. The operating profit margin improved from 4.2% in the same period last year to 5.4%.

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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 122,965 -150 -15 -164 -5.0 ー Nov 8, 2022 J-GAAP
Apr - Sep, 2023 124,670 4,939 5,022 3,424 103.5 55.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 116,306 5,446 5,591 3,568 107.9 58.9 Nov 5, 2024 J-GAAP
YoY -6.7% +10.3% +11.3% +4.2% +4.2%

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 117,000 5,000 5,000 3,500 105.8 30 Sep 25, 2024 J-GAAP
Apr - Sep, 2024 Results 116,306 5,446 5,591 3,568 107.9 30 Nov 5, 2024 J-GAAP
Revision Rate -0.6% +8.9% +11.8% +1.9% +1.9%

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 119,649 2,304 4,021 3,368 101.8 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 113,694 3,054 3,909 2,932 88.6 40 Nov 5, 2024 J-GAAP
YoY -5.0% +32.6% -2.8% -12.9% -13.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 260,410 734 1,436 986 29.8 20 May 11, 2023 J-GAAP
Mar, 2024 244,319 7,243 9,043 6,792 205.4 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 230,000 8,500 9,500 6,500 196.5 70 Sep 25, 2024 J-GAAP
YoY -5.9% +17.4% +5.1% -4.3% -4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 61,086 2,584 2,603 1,815 54.9 4.2 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 63,423 1,209 1,326 1,898 57.4 1.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 56,226 1,095 2,695 1,470 44.5 1.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 58,512 2,323 2,470 1,584 47.9 4.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 57,794 3,123 3,121 1,984 60.0 5.4 Nov 5, 2024 J-GAAP
YoY -5.4% +20.9% +19.9% +9.3% +9.3%

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