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JAIC Co., Ltd., First Half Ordinary Profit Increases by 3.0 times

Fri Sep 13, 2024 1:00 pm JST Earnings

7073 JAIC Co., Ltd. 【J-GAAP】

Earnings Report

JAIC Co., Ltd. <7073> [TSE-G] announced its financial results in the afternoon session on September 13th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) surged by 3.0 times that of the same period last year, reaching 64 million yen. However, this progress accounts for 47.4% of the full-year plan of 135 million yen, also falling below the five-year average of 60.0%.

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 August to January period (second half) is expected to expand by 91.9% from the same period last year, reaching 71 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit surged to 6.2 times that of the same period last year, reaching 105 million yen. The operating profit margin drastically improved from 1.6% in the same period last year to 9.5%.

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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
Feb - Jul, 2022 1,530 160 166 108 120.0 74.1 Sep 14, 2022 J-GAAP
Feb - Jul, 2023 1,822 22 21 1 1.3 36.2 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 2,070 66 64 24 26.3 47.4 Sep 13, 2024 J-GAAP
YoY +13.6% +200.0% +204.8% +2,300.0% +1,878.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance ー ー ー ー － 0 Mar 15, 2024 J-GAAP
Feb - Jul, 2024 Results 2,070 66 64 24 26.3 0 Sep 13, 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
Aug - Jan, 2023 1,853 30 37 4 5.2 5 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 2,110 72 71 22 23.8 15 Sep 13, 2024 J-GAAP
YoY +13.9% +140.0% +91.9% +450.0% +359.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 3,206 214 224 140 155.1 47 Mar 15, 2023 J-GAAP
Jan, 2024 3,675 52 58 5 6.5 5 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 4,180 138 135 46 49.8 15 Mar 15, 2024 J-GAAP
YoY +13.7% +165.4% +132.8% +820.0% +669.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 912 15 17 7 9.3 1.6 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 912 -3 -2 -18 -20.7 -0.3 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 941 33 39 22 28.5 3.5 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 924 -43 -41 -52 -56.7 -4.7 Jun 14, 2024 J-GAAP
May - Jul, 2024 1,146 109 105 76 83.3 9.5 Sep 13, 2024 J-GAAP
YoY +25.7% +626.7% +517.6% +985.7% +795.0%

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