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J.E.T.Co.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 63%, July-September Ordinary Profit Decreases by 82%

Fri Nov 8, 2024 3:30 pm JST Earnings

6228 J.E.T.Co.,LTD. 【J-GAAP】

Earnings Report

J.E.T.Co.,LTD. <6228> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 63.2% from the same period last year to 688 million yen. The progress rate against the 1.35 billion yen full-year plan was 51.0%, also falling below the four-year average of 76.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 15.7% from the same period last year, reaching 662 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 168 million yen, a 81.9% decrease compared to the same period last year. The operating profit margin sharply declined from 12.8% in the same period last year to 3.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 19,726 2,064 1,872 1,270 111.8 76.6 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 14,291 755 688 403 30.8 51.0 Nov 8, 2024 J-GAAP
YoY -27.6% -63.4% -63.2% -68.3% -72.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 13,260 1,574 1,500 1,005 85.1 34 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 11,512 873 830 603 45.9 17 Aug 9, 2024 J-GAAP
YoY -13.2% -44.5% -44.7% -40.0% -46.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 24,984 2,613 2,444 1,651 139.8 34 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 21,480 1,460 1,350 900 68.6 17 Aug 9, 2024 J-GAAP
YoY -14.0% -44.1% -44.8% -45.5% -51.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,002 1,025 928 624 54.9 12.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 5,258 549 572 381 32.3 10.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,796 56 -14 -45 -3.5 2.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,172 531 534 342 26.1 7.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,323 168 168 106 8.1 3.9 Nov 8, 2024 J-GAAP
YoY -46.0% -83.6% -81.9% -83.0% -85.3%

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