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J Frontier, First Half Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Tue Jan 14, 2025 4:00 pm JST Earnings

2934 J Frontier Co.,Ltd. 【J-GAAP】

Earnings Report

J Frontier Co.,Ltd. <2934> [TSE Growth] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a profit of 111 million yen (compared to a loss of 232 million yen in the same period last year). This has already exceeded the planned deficit of loss of 160 million yen for the .

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the December to May period (2H) is expected to further decrease loss of 271 million yen (compared to a loss of 410 million yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit/loss turned to a profit of 102 million yen (compared to a loss of 263 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.8% in the same period last year to 2.1%.

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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
Jun - Nov, 2022 9,103 -388 -402 -353 -77.4 ー Jan 13, 2023 J-GAAP
Jun - Nov, 2023 8,013 -221 -232 -286 -59.3 ー Jan 12, 2024 J-GAAP
Jun - Nov, 2024 10,843 131 111 7 1.6 ー Jan 14, 2025 J-GAAP
YoY +35.3% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance ー ー ー ー － 0 Dec 11, 2024 J-GAAP
Jun - Nov, 2024 Results 10,843 131 111 7 1.6 0 Jan 14, 2025 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
Dec - May, 2023 9,701 -384 -462 -1,815 -370.7 0 Dec 11, 2024 J-GAAP
Dec - May, 2024 Guidance 10,157 -231 -271 -397 -76.1 0 Jan 14, 2025 J-GAAP
YoY +4.7% +39.8% +41.3% +78.1% +79.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 16,844 -1,816 -1,841 -1,899 -410.6 0 Jul 14, 2023 J-GAAP
May, 2024 17,714 -605 -694 -2,101 -429.1 0 Dec 11, 2024 J-GAAP
May, 2025 Guidance 21,000 -100 -160 -390 -74.7 0 Dec 11, 2024 J-GAAP
YoY +18.6% +83.5% +76.9% +81.4% +82.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 3,790 -257 -263 -255 -52.9 -6.8 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 4,364 -320 -319 -351 -72.3 -7.3 Apr 12, 2024 J-GAAP
Mar - May, 2024 5,337 -64 -143 -1,464 -299.0 -1.2 Dec 11, 2024 J-GAAP
Jun - Aug, 2024 5,428 18 9 -19 -4.0 0.3 Jan 14, 2025 J-GAAP
Sep - Nov, 2024 5,415 113 102 26 5.9 2.1 Jan 14, 2025 J-GAAP
YoY +42.9% － － － －

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