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Japan Communications Inc., First Half Ordinary Profit Decreases by 43%, July-September Ordinary Profit Decreases by 75%

Thu Nov 7, 2024 3:35 pm JST Earnings

9424 Japan Communications Inc. 【J-GAAP】

Earnings Report

Japan Communications Inc. <9424> [TSE-P] announced its financial results after the market closed on November 7th (15:35). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 43.1% from the same period last year to 325 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 71 million yen, a 75.0% decrease compared to the same period last year. The operating profit margin sharply declined from 14.8% in the same period last year to 4.3%.

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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 2,762 293 335 301 1.8 42.9 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 3,503 532 571 819 5.0 48.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 4,257 329 325 246 1.5 Nov 7, 2024 J-GAAP
YoY +21.5% -38.2% -43.1% -70.0% -70.0%

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 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 4,257 329 325 246 1.5 0 Nov 7, 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 3,897 607 612 546 3.3 0 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 0 May 9, 2024 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,074 740 780 690 4.2 0 May 10, 2023 J-GAAP
Mar, 2024 7,400 1,139 1,183 1,365 8.3 0 May 9, 2024 J-GAAP
Mar, 2025 Guidance 0 May 9, 2024 J-GAAP
YoY

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,788 265 284 222 1.3 14.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,884 278 268 243 1.5 14.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,013 329 344 303 1.8 16.3 May 9, 2024 J-GAAP
Apr - Jun, 2024 2,080 236 254 186 1.1 11.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,177 93 71 60 0.4 4.3 Nov 7, 2024 J-GAAP
YoY +21.8% -64.9% -75.0% -73.0% -73.1%

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