kabutan

Joyfull, First Half Ordinary Profit Unexpectedly Revised Upward by 15%

Mon Feb 10, 2025 5:00 pm JST Earnings

9942 Joyfull Co.,Ltd. 【J-GAAP】

Earnings Report

Joyfull Co.,Ltd. <9942> [FSE] announced its financial results after the market closed on February 10th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) increased 15.0% from the same period last year, reaching 2.54 billion yen, resulting in an increase in profits compared to the previous forecast of a 21.8% decrease.

The progress rate toward the full-year plan of 2.97 billion yen was 85.6%, also surpassing the five-year average of 57.6%.

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 January to June period (2H) is expected to significant drop 74.8% from the same period last year to 0.42 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit significantly dropped to 0.41 billion yen, a 54.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.5% in the same period last year to 2.3%.

Kabutan News

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
Jul - Dec, 2022 28,658 592 657 590 19.1 36.1 Feb 13, 2023 J-GAAP
Jul - Dec, 2023 33,926 2,217 2,211 2,081 67.4 56.5 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 35,557 2,530 2,542 2,075 67.2 85.6 Feb 10, 2025 J-GAAP
YoY +4.8% +14.1% +15.0% -0.3% -0.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 34,520 1,750 1,730 1,620 52.4 5 Aug 13, 2024 J-GAAP
Jul - Dec, 2024 Results 35,557 2,530 2,542 2,075 67.2 5 Feb 10, 2025 J-GAAP
Revision Rate +3.0% +44.6% +46.9% +28.1% +28.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 32,031 1,719 1,699 1,238 40.1 5 Aug 13, 2024 J-GAAP
Jan - Jun, 2025 Guidance 31,333 480 428 695 22.5 5 Feb 10, 2025 J-GAAP
YoY -2.2% -72.1% -74.8% -43.9% -43.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 59,097 1,733 1,822 1,610 52.2 5 Aug 14, 2023 J-GAAP
Jun, 2024 65,957 3,936 3,910 3,319 107.5 10 Aug 13, 2024 J-GAAP
Jun, 2025 Guidance 66,890 3,010 2,970 2,770 89.6 10 Aug 13, 2024 J-GAAP
YoY +1.4% -23.5% -24.0% -16.5% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,616 913 920 810 26.2 5.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 15,749 1,196 1,182 1,198 38.8 7.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 16,282 523 517 40 1.3 3.2 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 18,434 2,129 2,126 1,817 58.8 11.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 17,123 401 416 258 8.4 2.3 Feb 10, 2025 J-GAAP
YoY +3.1% -56.1% -54.8% -68.1% -68.2%

Related Articles