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JACCS CO., LTD., First Half Ordinary Profit Decreases by 12%

Thu Nov 7, 2024 3:00 pm JST Earnings

8584 JACCS CO., LTD. 【J-GAAP】

Earnings Report

JACCS CO., LTD. <8584> [TSE-P] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.2% from the same period last year to 16 billion yen. However, The progress rate against the 24 billion yen full-year plan was 67.1%, also surpassing the five-year average of 49.1%.

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 drop by 46.3% from the same period last year to 7.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 7.29 billion yen, an increase of 1.2% compared to the same period last year. However, the operating profit margin decreased from 16.0% in the same period last year to 15.1%.

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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 85,297 16,385 16,422 11,108 320.5 51.7 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 92,208 18,419 18,341 12,310 354.9 55.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 95,739 16,084 16,099 11,185 322.2 67.1 Nov 7, 2024 J-GAAP
YoY +3.8% -12.7% -12.2% -9.1% -9.2%

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 94,000 13,500 13,500 9,500 273.6 90 Aug 7, 2024 J-GAAP
Apr - Sep, 2024 Results 95,739 16,084 16,099 11,185 322.2 90 Nov 7, 2024 J-GAAP
Revision Rate +1.8% +19.1% +19.3% +17.7% +17.8%

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 92,574 14,707 14,719 11,460 330.3 120 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 93,261 7,916 7,901 5,315 153.0 90 Nov 7, 2024 J-GAAP
YoY +0.7% -46.2% -46.3% -53.6% -53.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 173,506 31,678 31,769 21,651 624.6 190 May 12, 2023 J-GAAP
Mar, 2024 184,782 33,126 33,060 23,770 685.1 220 May 15, 2024 J-GAAP
Mar, 2025 Guidance 189,000 24,000 24,000 16,500 475.0 180 Aug 7, 2024 J-GAAP
YoY +2.3% -27.5% -27.4% -30.6% -30.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 45,546 7,265 7,202 4,655 134.2 16.0 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 46,968 8,718 8,699 5,848 168.6 18.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 45,606 5,989 6,020 5,612 161.8 13.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 47,549 8,803 8,808 6,012 173.2 18.5 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 48,190 7,281 7,291 5,173 149.0 15.1 Nov 7, 2024 J-GAAP
YoY +5.8% +0.2% +1.2% +11.1% +11.0%

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