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JAMCO CORPORATION, First Half Ordinary Profit Increases by 2.4 times

Fri Nov 8, 2024 3:30 pm JST Earnings

7408 JAMCO CORPORATION 【J-GAAP】

Earnings Report

JAMCO CORPORATION <7408> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.4 times that of the same period last year, reaching 1.11 billion yen. However, The progress rate against the 5.28 billion yen full-year plan was 21.1%, also falling below the five-year average of 36.8%.

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 surge by 7.8 times that of the same period last year, reaching 4.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 677 million yen. The operating profit margin improved from 4.3% in the same period last year to 6.6%.

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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 17,042 281 354 655 24.4 31.4 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 27,243 780 463 960 35.8 46.3 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 36,486 2,023 1,112 931 34.7 21.1 Nov 8, 2024 J-GAAP
YoY +33.9% +159.4% +140.2% -3.0% -3.0%

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 － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 36,486 2,023 1,112 931 34.7 0 Nov 8, 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 36,756 1,603 536 750 28.0 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 50,414 5,787 4,168 2,559 95.3 25 Nov 8, 2024 J-GAAP
YoY +37.2% +261.0% +677.6% +241.2% +240.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 47,225 1,733 1,127 2,174 81.1 0 May 12, 2023 J-GAAP
Mar, 2024 63,999 2,383 999 1,710 63.8 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 86,900 7,810 5,280 3,490 130.0 25 May 10, 2024 J-GAAP
YoY +35.8% +227.7% +428.5% +104.1% +103.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,626 546 293 570 21.3 4.3 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 17,149 624 63 307 11.5 3.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 19,607 979 473 443 16.5 5.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 16,433 707 435 259 9.7 4.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 20,053 1,316 677 672 25.1 6.6 Nov 8, 2024 J-GAAP
YoY +58.8% +141.0% +131.1% +17.9% +17.8%

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