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J Trust, First Half Net Income Decreases by 50%, Apr-Jun Net Income Decreases by 64%

Fri Aug 8, 2025 4:00 pm JST Earnings

8508 J Trust Co.,Ltd. 【IFRS】

Earnings Report

J Trust Co.,Ltd. <8508> [TSE Std] announced its financial results (based on IFRS) after the market closed on August 8th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) dropped 49.7% from the same period last year to 1.39 billion yen. Progress toward the full-year plan of 6.50 billion yen was 21.4%, also falling below the three-year average of 84.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to expand 55.9% from the same period last year, reaching 5.11 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income significantly dropped to 0.97 billion yen, a 64.1% decrease compared to the same period last year. However, the operating profit margin improved from 6.8% in the same period last year to 8.2%.

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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
Jan - Jun, 2023 53,561 9,538 11,217 16,817 125.8 114.8 Aug 10, 2023 IFRS
Jan - Jun, 2024 65,341 2,030 4,102 2,762 20.2 49.0 Aug 9, 2024 IFRS
Jan - Jun, 2025 60,742 4,586 3,831 1,390 10.5 32.2 Aug 8, 2025 IFRS
YoY -7.0% +125.9% -6.6% -49.7% -48.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 0 Feb 13, 2025 IFRS
Jan - Jun, 2025 Results 60,742 4,586 3,831 1,390 10.5 0 Aug 8, 2025 IFRS
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 62,829 4,222 4,266 3,278 24.2 14 Feb 13, 2025 IFRS
Jul - Dec, 2025 Guidance 74,358 6,514 8,069 5,110 38.4 17 Aug 8, 2025 IFRS
YoY +18.3% +54.3% +89.1% +55.9% +58.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 114,279 8,059 9,772 16,310 120.4 14 Feb 13, 2024 IFRS
Dec, 2024 128,170 6,252 8,368 6,040 44.6 14 Feb 13, 2025 IFRS
Dec, 2025 Guidance 135,100 11,100 11,900 6,500 48.8 17 Feb 13, 2025 IFRS
YoY +5.4% +77.5% +42.2% +7.6% +9.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 33,787 2,303 3,474 2,724 19.9 6.8 Aug 9, 2024 IFRS
Jul - Sep, 2024 31,444 2,948 2,005 1,289 9.5 9.4 Nov 13, 2024 IFRS
Oct - Dec, 2024 31,385 1,274 2,261 1,989 14.7 4.1 Feb 13, 2025 IFRS
Jan - Mar, 2025 30,657 2,134 1,555 411 3.1 7.0 May 14, 2025 IFRS
Apr - Jun, 2025 30,085 2,452 2,276 979 7.4 8.2 Aug 8, 2025 IFRS
YoY -11.0% +6.5% -34.5% -64.1% -62.9%

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