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JCU CORPORATION, First Half Ordinary Profit Increases by 56%

Thu Nov 7, 2024 3:30 pm JST Earnings

4975 JCU CORPORATION 【J-GAAP】

Earnings Report

JCU CORPORATION <4975> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 4.98 billion yen, an increase of 55.6% compared to the same period last year, exceeded the previous forecast of 3.87 billion yen.

The progress rate against the 8.5 billion yen full-year plan was 58.6%, also surpassing the five-year average of 45.2%.

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 October to March period (second half) is expected to decrease by 29.9% from the same period last year to 3.51 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 51.0% from the same period last year, reaching 2.74 billion yen. The operating profit margin rose from 30.4% in the same period last year to 39.1%.

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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 13,117 4,680 4,720 3,326 128.3 50.4 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 10,864 3,095 3,202 2,177 85.0 39.0 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 12,736 4,665 4,983 3,385 133.7 58.6 Nov 7, 2024 J-GAAP
YoY +17.2% +50.7% +55.6% +55.5% +57.2%

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 12,100 3,870 3,870 2,680 106.0 37 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 12,736 4,665 4,983 3,385 133.7 37 Nov 7, 2024 J-GAAP
Revision Rate +5.3% +20.5% +28.8% +26.3% +26.2%

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 13,995 4,946 5,014 3,353 131.5 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,264 3,835 3,517 2,515 100.9 37 Nov 7, 2024 J-GAAP
YoY +1.9% -22.5% -29.9% -25.0% -23.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,137 9,285 9,369 6,013 232.6 66 May 11, 2023 J-GAAP
Mar, 2024 24,859 8,041 8,216 5,530 217.0 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 27,000 8,500 8,500 5,900 236.8 74 May 10, 2024 J-GAAP
YoY +8.6% +5.7% +3.5% +6.7% +9.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,639 1,716 1,819 1,233 48.2 30.4 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 6,348 2,289 2,429 1,569 61.4 36.1 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 7,647 2,657 2,585 1,784 70.0 34.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,912 1,995 2,237 1,508 59.6 33.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 6,824 2,670 2,746 1,877 74.2 39.1 Nov 7, 2024 J-GAAP
YoY +21.0% +55.6% +51.0% +52.2% +54.0%

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