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J-Holdings Corp., July-September (3Q) Net Income Loss Narrows

Wed Nov 13, 2024 4:00 pm JST Earnings

2721 J-Holdings Corp. 【J-GAAP】

Earnings Report

J-Holdings Corp. <2721> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 320 million yen (compared to a loss of 230 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the October to December period (4Q) is expected to further decrease to loss of 38 million yen (compared to a loss of 66 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss improved to a deficit of loss of 34 million yen (compared to a loss of 67 million yen in the same period last year). However, the operating profit/loss margin drastically worsened from -133.3% in the same period last year to -140.5%.

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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
Jan - Sep, 2022 84 -121 -127 -131 -28.8 ー Nov 11, 2022 J-GAAP
Jan - Sep, 2023 116 -214 -213 -230 -35.0 ー Nov 13, 2023 J-GAAP
Jan - Sep, 2024 137 -207 -207 -320 -46.1 ー Nov 13, 2024 J-GAAP
YoY +18.1% +3.3% +2.8% -39.1% -31.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 110 -133 -133 -133 -20.1 0 Feb 16, 2024 J-GAAP
Jul - Dec, 2024 Guidance 85 -68 -69 -72 -10.1 0 Aug 14, 2024 J-GAAP
YoY -22.7% +48.9% +48.1% +45.9% +49.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 111 -201 -205 -270 -54.1 0 Feb 17, 2023 J-GAAP
Dec, 2023 175 -279 -279 -296 -44.8 0 Feb 16, 2024 J-GAAP
Dec, 2024 Guidance 180 -216 -216 -358 -50.2 0 Aug 7, 2024 J-GAAP
YoY +2.9% +22.6% +22.6% -20.9% -12.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 51 -68 -67 -67 -10.2 -133.3 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 59 -65 -66 -66 -10.0 -110.2 Feb 16, 2024 J-GAAP
Jan - Mar, 2024 51 -67 -67 -70 -10.4 -131.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 44 -81 -80 -216 -31.4 -184.1 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 42 -59 -60 -34 -4.9 -140.5 Nov 13, 2024 J-GAAP
YoY -17.6% +13.2% +10.4% +49.3% +51.9%

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