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j-Group Holdings Corp., First Half Ordinary Profit Increases by 91%

Thu Oct 10, 2024 3:00 pm JST Earnings

3063 j-Group Holdings Corp. 【J-GAAP】

Earnings Report

j-Group Holdings Corp. <3063> [TSE-G] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 242 million yen, an increase of 90.6% compared to the same period last year. The progress rate against the 410 million yen full-year plan was 59.0%, also surpassing the progress rate of 41.6% from the same period of the previous year.

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 September to February period (second half) is expected to decrease by 5.6% from the same period last year to 168 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 67 million yen, a 50.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.8% in the same period last year to 2.6%.

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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
Mar - Aug, 2022 3,582 -670 -612 -166 -19.5 ー Oct 7, 2022 J-GAAP
Mar - Aug, 2023 5,105 116 127 122 8.1 41.6 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 5,316 234 242 524 41.0 59.0 Oct 10, 2024 J-GAAP
YoY +4.1% +101.7% +90.6% +329.5% +407.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 2 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 5,316 234 242 524 41.0 2 Oct 10, 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
Sep - Feb, 2023 5,328 193 178 125 10.6 3 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 5,284 176 168 -89 -7.3 2 Oct 10, 2024 J-GAAP
YoY -0.8% -8.8% -5.6% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 8,013 -1,032 -901 -549 -57.7 0 Apr 7, 2023 J-GAAP
Feb, 2024 10,433 309 305 247 21.0 3 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 10,600 410 410 435 35.7 4 Jul 29, 2024 J-GAAP
YoY +1.6% +32.7% +34.4% +76.1% +69.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,532 72 134 91 6.0 2.8 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 2,555 35 33 28 1.8 1.4 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 2,773 158 145 97 8.3 5.7 Apr 10, 2024 J-GAAP
Mar - May, 2024 2,717 166 175 154 11.6 6.1 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 2,599 68 67 370 28.9 2.6 Oct 10, 2024 J-GAAP
YoY +2.6% -5.6% -50.0% +306.6% +379.8%

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