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Jedat Inc., First Half Ordinary Profit Decreases by 30%, July-September Ordinary Profit Turns to Loss

Fri Nov 1, 2024 3:10 pm JST Earnings

3841 Jedat Inc. 【J-GAAP】

Earnings Report

Jedat Inc. <3841> [TSE-S] announced its financial results after the market closed on November 1st (15:10). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 30.4% from the same period last year to 94 million yen. The progress rate against the 350 million yen full-year plan was 26.9%, also falling below the five-year average of 46.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 7.1% from the same period last year, reaching 256 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 19 million yen (compared to a profit of 13 million yen in the same period last year). However, the operating profit/loss margin improved from -2.5% in the same period last year to -1.2%.

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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 975 135 179 153 39.9 56.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 885 85 135 133 34.7 36.1 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 968 87 94 65 16.9 26.9 Nov 1, 2024 J-GAAP
YoY +9.4% +2.4% -30.4% -51.1% -51.2%

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 968 87 94 65 16.9 0 Nov 1, 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
Oct - Mar, 2023 1,175 217 239 195 50.8 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,232 233 256 175 45.5 40 Nov 1, 2024 J-GAAP
YoY +4.9% +7.4% +7.1% -10.3% -10.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,017 267 317 266 69.2 25 May 12, 2023 J-GAAP
Mar, 2024 2,060 302 374 328 85.4 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 2,200 320 350 240 62.4 40 May 10, 2024 J-GAAP
YoY +6.8% +6.0% -6.4% -26.8% -27.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 355 -9 13 33 8.6 -2.5 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 494 90 91 70 18.3 18.2 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 681 127 148 125 32.5 18.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 534 92 113 81 21.2 17.2 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 434 -5 -19 -16 -4.2 -1.2 Nov 1, 2024 J-GAAP
YoY +22.3% +44.4% － － －

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