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JAPAN MATERIAL Co.,Ltd., First Half Ordinary Profit Increases by 25%

Tue Nov 12, 2024 3:20 pm JST Earnings

6055 JAPAN MATERIAL Co.,Ltd. 【J-GAAP】

Earnings Report

JAPAN MATERIAL Co.,Ltd. <6055> [TSE-P] announced its financial results in the afternoon session on November 12th (15:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 24.7% from the same period last year, reaching 4.28 billion yen. However, The progress rate against the 10 billion yen full-year plan was 42.9%, also falling below the five-year average of 46.6%.

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 grow by 19.2% from the same period last year, reaching 5.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.7% from the same period last year, reaching 2.04 billion yen. The operating profit margin jumped from 14.0% in the same period last year to 20.4%.

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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 23,745 6,127 6,493 4,511 44.0 57.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 22,827 3,095 3,437 2,292 22.3 41.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 23,053 4,427 4,286 2,925 28.5 42.9 Nov 12, 2024 J-GAAP
YoY +1.0% +43.0% +24.7% +27.6% +27.5%

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 23,000 4,200 4,200 2,900 28.2 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 23,053 4,427 4,286 2,925 28.5 0 Nov 12, 2024 J-GAAP
Revision Rate +0.2% +5.4% +2.0% +0.9% +0.9%

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 25,765 4,664 4,793 3,389 33.0 20 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,947 5,573 5,714 4,075 39.7 22 Nov 12, 2024 J-GAAP
YoY +4.6% +19.5% +19.2% +20.2% +20.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 46,534 11,097 11,307 7,904 77.0 20 May 12, 2023 J-GAAP
Mar, 2024 48,592 7,759 8,230 5,681 55.3 20 May 13, 2024 J-GAAP
Mar, 2025 Guidance 50,000 10,000 10,000 7,000 68.1 22 May 13, 2024 J-GAAP
YoY +2.9% +28.9% +21.5% +23.2% +23.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,495 1,746 1,843 1,177 11.5 14.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 13,324 2,389 2,314 1,589 15.5 17.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 12,441 2,275 2,479 1,800 17.5 18.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,156 2,001 2,246 1,539 15.0 17.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 11,897 2,426 2,040 1,386 13.5 20.4 Nov 12, 2024 J-GAAP
YoY -4.8% +38.9% +10.7% +17.8% +17.7%

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