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JK Holdings Co.,Ltd., First Half Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 24%

Fri Nov 8, 2024 11:30 am JST Earnings

9896 JK Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

JK Holdings Co.,Ltd. <9896> [TSE-S] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 21.1% from the same period last year to 3.46 billion yen. The progress rate against the 7 billion yen full-year plan was 49.5%, almost the same as the five-year average of 50.1%.

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 decrease by 17.4% from the same period last year to 3.53 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.93 billion yen, a 23.6% decrease compared to the same period last year. The operating profit margin worsened from 2.5% in the same period last year to 2.0%.

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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 203,804 6,884 7,368 4,658 156.2 71.5 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 191,165 4,133 4,393 2,460 85.1 50.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 190,734 3,283 3,467 1,969 68.1 49.5 Nov 8, 2024 J-GAAP
YoY -0.2% -20.6% -21.1% -20.0% -19.9%

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 193,000 3,500 3,500 2,500 86.5 20 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 190,734 3,283 3,467 1,969 68.1 20 Nov 8, 2024 J-GAAP
Revision Rate -1.2% -6.2% -0.9% -21.2% -21.2%

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 197,745 3,738 4,277 2,589 89.6 25 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 209,266 3,717 3,533 3,031 104.9 25 Nov 8, 2024 J-GAAP
YoY +5.8% -0.6% -17.4% +17.1% +17.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 407,022 9,723 10,300 6,686 224.9 40 May 12, 2023 J-GAAP
Mar, 2024 388,910 7,871 8,670 5,049 174.7 40 May 13, 2024 J-GAAP
Mar, 2025 Guidance 400,000 7,000 7,000 5,000 173.0 45 May 13, 2024 J-GAAP
YoY +2.9% -11.1% -19.3% -1.0% -1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 96,413 2,431 2,530 1,522 52.6 2.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 103,991 2,419 2,809 1,680 58.1 2.3 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 93,754 1,319 1,468 909 31.5 1.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 92,908 1,375 1,534 771 26.7 1.5 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 97,826 1,908 1,933 1,198 41.5 2.0 Nov 8, 2024 J-GAAP
YoY +1.5% -21.5% -23.6% -21.3% -21.3%

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