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Japan Engine Corporation, First Half Ordinary Profit Increases by 4.8 times, July-September Ordinary Profit Increases by 3.4 times

Thu Nov 7, 2024 3:30 pm JST Earnings

6016 Japan Engine Corporation 【J-GAAP】

Earnings Report

Japan Engine Corporation <6016> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.8 times that of the same period last year, reaching 3.24 billion yen. The progress rate against the 4.49 billion yen full-year plan was 72.2%, also surpassing the five-year average of 34.0%.

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 significant drop by 56.1% from the same period last year to 1.24 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 3.4 times that of the same period last year, reaching 1.36 billion yen. The operating profit margin drastically improved from 8.4% in the same period last year to 17.9%.

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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 8,066 219 281 284 33.9 41.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 7,941 570 673 618 73.8 19.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 14,326 3,003 3,242 2,713 323.7 72.2 Nov 7, 2024 J-GAAP
YoY +80.4% +426.8% +381.7% +339.0% +338.8%

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 － 20 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 14,326 3,003 3,242 2,713 323.7 20 Nov 7, 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 13,028 1,618 2,845 1,930 230.2 33.33 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,174 1,077 1,248 857 102.2 42 Nov 7, 2024 J-GAAP
YoY +1.1% -33.4% -56.1% -55.6% -55.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,248 442 682 808 96.5 13.33 May 11, 2023 J-GAAP
Mar, 2024 20,969 2,188 3,518 2,548 303.9 43.33 May 9, 2024 J-GAAP
Mar, 2025 Guidance 27,500 4,080 4,490 3,570 425.8 62 Aug 8, 2024 J-GAAP
YoY +31.1% +86.5% +27.6% +40.1% +40.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,053 342 401 401 47.9 8.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 6,521 841 970 519 61.9 12.9 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 6,507 777 1,875 1,411 168.3 11.9 May 9, 2024 J-GAAP
Apr - Jun, 2024 7,789 1,831 1,880 1,660 198.1 23.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 6,537 1,172 1,362 1,053 125.6 17.9 Nov 7, 2024 J-GAAP
YoY +61.3% +242.7% +239.7% +162.6% +162.4%

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