JMDC Inc., July-September (2Q) Net Income Increases by 2.4 times

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Tue Nov 5, 2024 3:30 pm JST Earnings

4483 JMDC Inc. 【IFRS】

Earnings Report

JMDC Inc. <4483> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 5th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.8% from the same period last year to 2.18 billion yen. The progress rate against the 6.2 billion yen full-year plan was 35.3%, also falling below the five-year average of 38.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 2.1 times that of the same period last year, reaching 4.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 2.4 times that of the same period last year, reaching 1.46 billion yen. The operating profit margin jumped from 15.0% in the same period last year to 20.1%.

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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
Apr - Sep, 2022	12,060	2,207	2,234	1,444	25.3	38.0	Nov 4, 2022	IFRS
Apr - Sep, 2023	13,746	3,602	3,615	2,662	42.2	52.3	Nov 2, 2023	IFRS
Apr - Sep, 2024	19,197	3,250	3,167	2,189	33.5	34.8	Nov 5, 2024	IFRS
YoY	+39.7%	-9.8%	-12.4%	-17.8%	-20.6%

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	18,700	2,800	2,750	1,850	28.3	－	Aug 2, 2024	IFRS
Apr - Sep, 2024 Results	19,197	3,250	3,167	2,189	33.5	0	Nov 5, 2024	IFRS
Revision Rate	+2.7%	+16.1%	+15.2%	+18.3%	+18.4%

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	18,635	3,404	3,292	1,945	30.3	14	May 7, 2024	IFRS
Oct - Mar, 2024 Guidance	23,803	6,050	5,933	4,011	61.4	－	Nov 5, 2024	IFRS
YoY	+27.7%	+77.7%	+80.2%	+106.2%	+102.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,809	5,926	5,876	4,267	71.2	12	May 9, 2023	IFRS
Mar, 2024	32,381	7,006	6,907	4,607	71.8	14	May 7, 2024	IFRS
Mar, 2025 Guidance	43,000	9,300	9,100	6,200	94.9	－	May 7, 2024	IFRS
YoY	+32.8%	+32.7%	+31.8%	+34.6%	+32.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,048	1,056	1,063	622	9.9	15.0	Nov 2, 2023	IFRS
Oct - Dec, 2023	8,535	2,065	1,957	1,315	20.6	24.2	Feb 2, 2024	IFRS
Jan - Mar, 2024	10,100	1,339	1,335	630	9.8	13.3	May 7, 2024	IFRS
Apr - Jun, 2024	8,422	1,089	1,072	727	11.1	12.9	Aug 2, 2024	IFRS
Jul - Sep, 2024	10,775	2,161	2,095	1,462	22.4	20.1	Nov 5, 2024	IFRS
YoY	+52.9%	+104.6%	+97.1%	+135.0%	+127.0%