Jsp Corporation TSE:7942
JSP : First Half Results for the Fiscal Year Ending March 31, 2025
Source: MarketScreener
First Half Results for the Fiscal Year Ending March 31, 2025 (FY3/25)
A Global Company for A Global Society
November 15, 2024
JSP Corporation
©2024 JSP Corporation
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1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall)
1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment)
ARPRO Global Strategy, Applications and New Product Release
1H FY3/25 Supplementary Financial Information
©2024 JSP Corporation
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Index
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1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall)
1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment)
ARPRO Global Strategy, Applications and New Product Release
1H FY3/25 Supplementary Financial Information
©2024 JSP Corporation
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Financial Highlights
Net Sales | Operating Profit | Operating Margin | |||||||||||
(Million yen) | (Million yen) | 7,563 | |||||||||||
7,000 | |||||||||||||
135,051 | 146,000 | ||||||||||||
131,714 | 5,185 | 5.1% | 5.6% | ||||||||||
102,668 114,125 | 4,589 | 4.8% | |||||||||||
4.0% | |||||||||||||
93 | |||||||||||||
78 | 82 | 78 (US$/bl) | 2,956 | 2.2% | |||||||||
45 | |||||||||||||
FY3/21 FY3/22 FY3/23 FY3/24 FY3/25
Forecast
Sales are expected to increase from one year earlier due to improved unit sales price by product price revisions.
Dubai crude oil
FY3/21 | FY3/22 | FY3/23 | FY3/24 | FY3/25 |
Forecast |
Continuous efforts shall be made to reduce costs and revise product prices in response to rising fixed costs, including costs for labor and production equipment maintenance.
FY3/21 FY3/22 FY3/23 FY3/24 FY3/25
Forecast
Product price revisions are expected to struggle to keep up with the rise in fixed costs, including costs for labor and production equipment maintenance.
©2024 JSP Corporation
1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) | 4 |
Financial Highlights (Financial Strategy)
Return on Equity (ROE)
Shareholders' Equity Ratio | Dividend per Share |
6.8%
5.4%
3.7% 3.4%
2.8%
FY3/21 FY3/22 FY3/23 FY3/24 FY3/25
Forecast
ROE is expected to be 5.4% as forecast at the beginning of FY3/25. It is expected to fall below one year earlier when extraordinary income was recorded.
64.9%
63.9% 63.9%
63.5%
62.8%
FY3/21 FY3/22 FY3/23 FY3/24 FY3/25
Forecast
Shareholders' equity ratio is expected to rise due to an increase in retained earnings and other factors, though interest-bearing debt is expected to remain the same level as one year earlier.
(Yen) | ||||
80 | ||||
65 | ||||
50 | 50 | 50 | ||
FY3/21 | FY3/22 | FY3/23 | FY3/24 | FY3/25 |
Forecast |
The basic shareholder return policy is changed in FY3/25 to return more earnings to shareholders. Annual dividend forecast of 80 yen per share as forecast at the beginning of FY3/25.
©2024 JSP Corporation | 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) | 5 |
Summary of Business Operations (1H FY3/25 Results)
1H FY3/24 | 1H FY3/25 | 1H FY3/25 | |
Forecast | |||
(Million yen) | Results | Results | |
(Announced Apr. 30) |
YoY | vs. Forecast |
Comparison | |
Net sales
Operating profit
Ordinary profit
Profit attributable to
owners of parent
Dividend per share
66,432 | 72,000 | 71,388 | 7.5% | 0.9% |
3,247 | 3,300 | 3,204 | 1.3% | 2.9% |
3,617 | 3,500 | 3,544 | 2.0% | 1.3% |
2,795 | 2,600 | 2,576 | 7.8% | 0.9% |
25 yen (Interim) | 40 yen (Interim) | 40 yen (Interim) | 15 yen | ― |
1H FY3/24 | 1H FY3/25 | |
Dubai crude oil | 82 | 82 |
（US$/Bl) | ||
JPY/USD | 136.5 | 154.1 |
JPY/EUR | 147.9 | 166.1 |
©2024 JSP Corporation
- Overseas: The global economy remained uncertain due to the prolonged war in Ukraine, growing tensions regarding the escalation of conflict in the Middle East, the impact of monetary policies in Europe and the United States, and the influence of the Chinese economy.
- Japan: There was a modest upturn of the economy backed primarily by an improvement in the employment and income environment and advances in the normalization of social and economic activities, although there were concerns regarding inflation, fluctuations in financial and capital markets and risk of downturn in overseas economies.
- Net sales: Sales increased 7.5 % YoY mainly due to product price revisions.
- Operating profit: Operating profit decreased 1.3% YoY due to lower sales volume of value-added products.
1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) | 6 |
Components of Change in Operating Profit (1H Comparison)
Operating income remained at the | (Billion yen) | ||||||||||||||||||
same level YoY due to product price | |||||||||||||||||||
revisions in response to increases in | |||||||||||||||||||
variable costs such as raw materials | |||||||||||||||||||
and fixed costs such as labor costs. | Unit variable | ||||||||||||||||||
Unit sales prices | expenses | ||||||||||||||||||
Marginal profit from | Higher fixed | ||||||||||||||||||
3.2 billion yen | expenses | Exchange rates | 3.2 billion yen | ||||||||||||||||
lower volume | 14 | ||||||||||||||||||
6 | |||||||||||||||||||
2 | 19 | 3 | |||||||||||||||||
1H FY3/24 | 1H FY3/25 |
©2024 JSP Corporation | 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) | 7 |
Summary of Business Operations (FY3/25 Outlook)
FY3/24 | FY3/25 | FY3/25 | |
(Million yen) | Initial Forecast | ||
Results | Outlook | ||
(Announced Apr. 30) |
YoY | vs. Forecast |
Comparison | |
Net sales
Operating profit
Ordinary profit
Profit attributable to
owners of parent
Dividend per share
135,051 | 146,000 | 146,000 | 8.1% | - |
7,563 | 7,000 | 7,000 | 7.5% | - |
8,127 | 7,400 | 7,400 | 9.0% | - |
6,391 | 5,300 | 5,300 | 17.1% | - |
65 yen (Annual) | 80 yen (Annual)* | 80 yen (Annual)* | 15 yen* | - |
*Forecast
FY3/24 | 1H FY3/25 | 2H FY3/25 | FY3/25 | |
Results | Results | Forecast | Outlook | |
Dubai crude oil | 82 | 82 | 74 | 78 |
（US$/Bl） | ||||
JPY/USD | 141.2 | 154.1 | 146 | 150 |
JPY/EUR | 153.2 | 166.1 | 162 | 164 |
●Global economy outlook for 2H FY3/25: The outlook remains uncertain from 1H FY3/25. Forecast no change in the cost of energy from the current level.
- Net sales: Sales are expected to increase by 8.1% YoY mainly due to product price revisions.
- Operating profit: Operating profit is expected to decrease by 7.5% YoY due to the rise in for labor and production equipment maintenance, etc., though continuous efforts shall be made to reduce costs and revise product prices.
●Dividend: Annual dividend per share (forecast): 80 yen
（Interim dividend 40 yen, estimated year-end dividend 40 yen）
©2024 JSP Corporation | 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) | 8 |
Components of Change in Operating Profit (Full Year YoY Comparison)
Price revisions in | (Billion yen) | ||||||||||||||||||
response to rising costs | |||||||||||||||||||
Unit variable | |||||||||||||||||||
Unit sales prices | expenses | ||||||||||||||||||
Higher fixed | |||||||||||||||||||
Marginal profit from | expenses | ||||||||||||||||||
7.6 billion yen | 22 | ||||||||||||||||||
lower volume | Exchange rates | 7.0 billion yen | |||||||||||||||||
3 | 32 | 16 | 4 | ||||||||||||||||
Higher costs for labor,
30億円production equipment maintenance and environmental protection systems
FY3/24 | 0.6 billion yen | FY3/25 | |
©2024 JSP Corporation | 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) | 9 |
Index
Se c t i o n
Se c t i o n
Se c t i o n
Se c t i o n
01
02
03
04
1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall)
1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment)
ARPRO Global Strategy, Applications and New Product Release
1H FY3/25 Supplementary Financial Information
©2024 JSP Corporation
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