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Japan Process Development, First Half Ordinary Profit Increases by 37%, Sep-Nov Ordinary Profit Increases by 35%

Fri Dec 27, 2024 3:30 pm JST Earnings

9651 Japan Process Development Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Process Development Co.,Ltd. <9651> [TSE Std] announced its financial results after the market closed on December 27th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) expanded 0.65 billion yen, an increase 37.4% compared to the same period last year. The progress rate toward the full-year plan of 1.06 billion yen was 61.7%, also surpassing the five-year average of 46.6%.

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 December to May period (2H) is expected to decrease 23.7% from the same period last year to 0.4 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit increased 35.0% from the same period last year, reaching 0.33 billion yen. The operating profit margin rose from 10.7% in the same period last year to 12.1%.

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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
Jun - Nov, 2022 4,302 447 467 308 32.0 48.3 Dec 28, 2022 J-GAAP
Jun - Nov, 2023 4,541 462 476 340 35.3 47.2 Dec 28, 2023 J-GAAP
Jun - Nov, 2024 4,962 538 654 464 48.1 61.7 Dec 27, 2024 J-GAAP
YoY +9.3% +16.5% +37.4% +36.5% +36.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 4,780 480 575 410 42.4 26 Jul 9, 2024 J-GAAP
Jun - Nov, 2024 Results 4,962 538 654 464 48.1 26 Dec 27, 2024 J-GAAP
Revision Rate +3.8% +12.1% +13.7% +13.2% +13.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 4,927 494 532 390 40.4 20 Jul 9, 2024 J-GAAP
Dec - May, 2024 Guidance 5,038 462 406 291 30.1 26 Dec 27, 2024 J-GAAP
YoY +2.3% -6.5% -23.7% -25.4% -25.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 8,923 908 967 682 70.7 35 Jul 7, 2023 J-GAAP
May, 2024 9,468 956 1,008 730 75.6 38 Jul 9, 2024 J-GAAP
May, 2025 Guidance 10,000 1,000 1,060 755 78.0 52 Jul 9, 2024 J-GAAP
YoY +5.6% +4.6% +5.2% +3.4% +3.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 2,291 246 246 176 18.3 10.7 Dec 28, 2023 J-GAAP
Dec - Feb, 2023 2,342 255 276 202 20.9 10.9 Mar 29, 2024 J-GAAP
Mar - May, 2024 2,585 239 256 188 19.5 9.2 Jul 9, 2024 J-GAAP
Jun - Aug, 2024 2,389 226 322 226 23.5 9.5 Sep 30, 2024 J-GAAP
Sep - Nov, 2024 2,573 312 332 238 24.7 12.1 Dec 27, 2024 J-GAAP
YoY +12.3% +26.8% +35.0% +35.2% +35.1%

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