JINS HOLDINGS (3046) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended May 31, 2024, rose 10.5% year-on-year to ¥59,163 million, driven by new store openings and product innovation.

• Operating profit increased 37.5% year-on-year to ¥5,060 million, and profit attributable to owners of parent grew 47.5% to ¥3,173 million.

• Both domestic and overseas segments contributed to sales growth, though overseas segment profit declined due to market challenges.

Financial highlights

• Gross profit for the nine months was ¥46,202 million, up from ¥41,810 million year-on-year.

• Ordinary profit reached ¥5,115 million, a 42.6% increase year-on-year.

• Earnings per share rose to ¥135.99 from ¥92.18 in the prior year period.

• Comprehensive income increased 66.7% year-on-year to ¥3,170 million.

Outlook and guidance

• Full-year forecast for fiscal 2024: net sales of ¥79,939 million (up 9.1%), operating profit of ¥6,300 million (up 30.0%), and profit attributable to owners of parent of ¥3,500 million (up 98.6%).

• Year-end dividend forecast revised to ¥25.00 per share, total annual dividend expected at ¥45.00.