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JTEC, Oct-Dec (2Q) Ordinary Profit Loss Narrows

Wed Feb 12, 2025 3:30 pm JST Earnings

3446 JTEC CORPORATION 【J-GAAP】

Earnings Report

JTEC CORPORATION <3446> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending June 2025 (July to December) expanded to a loss of 228 million yen (compared to a loss of 210 million yen in the same period last 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 January to June period (2H) is expected to grow 13.7% from the same period last year, reaching 591 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary loss improved to a deficit of 81 million yen (compared to a loss of 117 million yen in the same period last year). The operating profit/loss margin drastically improved from -48.3% in the same period last year to -24.7%.

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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
Jul - Dec, 2022 525 -124 -122 -97 -16.7 Feb 13, 2023 J-GAAP
Jul - Dec, 2023 537 -209 -210 -158 -27.0 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 564 -214 -228 -168 -28.6 Feb 12, 2025 J-GAAP
YoY +5.0% -2.4% -8.6% -6.3% -6.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 617 -289 -290 -231 -39.2 0 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 Results 564 -214 -228 -168 -28.6 0 Feb 12, 2025 J-GAAP
Revision Rate -8.6% +26.0% +21.4% +27.3% +27.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 1,473 494 520 357 60.9 0 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 2,076 579 591 399 67.7 0 Feb 12, 2025 J-GAAP
YoY +40.9% +17.2% +13.7% +11.8% +11.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 1,908 306 364 238 40.6 0 Aug 10, 2023 J-GAAP
Jun, 2024 2,010 285 310 199 34.0 0 Aug 9, 2024 J-GAAP
Jun, 2025 Guidance 2,640 365 363 231 39.2 0 Aug 9, 2024 J-GAAP
YoY +31.3% +28.1% +17.1% +16.1% +15.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 240 -116 -117 -84 -14.4 -48.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 266 -78 -59 -48 -8.2 -29.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,207 572 579 405 69.1 47.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 232 -132 -147 -105 -18.0 -56.9 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 332 -82 -81 -63 -10.7 -24.7 Feb 12, 2025 J-GAAP
YoY +38.3% +29.3% +30.8% +25.0% +25.3%

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