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KING JIM, First Half Ordinary Profit Turns to Profit, Oct-Dec Ordinary Profit Turns to Profit

Thu Jan 30, 2025 4:00 pm JST Earnings

7962 KING JIM CO.,LTD. 【J-GAAP】

Earnings Report

KING JIM CO.,LTD. <7962> [TSE Prime] announced its financial results after the market closed on January 30th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending June 2025 (July to December) turned into a profit of 180 million yen (compared to a loss of 505 million yen in the same period last year). However, the progress rate toward the full-year plan of 700 million yen was 25.7%, also falling below the five-year average of 33.8%.

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 January to June period (2H) is expected to decrease 18.1% from the same period last year to 520 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit/loss turned to a profit of 255 million yen (compared to a loss of 290 million yen in the same period last year). The operating profit/loss margin drastically improved from -4.0% in the same period last year to 2.8%.

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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
Jul - Dec, 2022 18,582 -274 -109 -197 -6.9 Feb 1, 2023 J-GAAP
Jul - Dec, 2023 17,890 -780 -505 -425 -14.9 Feb 1, 2024 J-GAAP
Jul - Dec, 2024 18,520 18 180 -75 -2.7 25.7 Jan 30, 2025 J-GAAP
YoY +3.5% +82.4% +82.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 18,500 18 180 -75 -2.7 7 Jan 27, 2025 J-GAAP
Jul - Dec, 2024 Results 18,520 18 180 -75 -2.7 7 Jan 30, 2025 J-GAAP
Revision Rate +0.1% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 21,663 539 635 107 3.8 7 Aug 1, 2024 J-GAAP
Jan - Jun, 2025 Guidance 22,480 512 520 565 20.1 7 Jan 30, 2025 J-GAAP
YoY +3.8% -5.0% -18.1% +428.0% +434.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 39,393 368 637 419 14.7 14 Aug 1, 2023 J-GAAP
Jun, 2024 39,553 -241 130 -318 -11.2 14 Aug 1, 2024 J-GAAP
Jun, 2025 Guidance 41,000 530 700 490 17.4 14 Aug 1, 2024 J-GAAP
YoY +3.7% +438.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,746 -392 -290 -196 -6.9 -4.0 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 10,700 535 529 352 12.5 5.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 10,963 4 106 -245 -8.6 0.0 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 8,785 -252 -75 -218 -7.8 -2.9 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 9,735 270 255 143 5.1 2.8 Jan 30, 2025 J-GAAP
YoY -0.1%

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