JM Holdings (3539) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended April 30, 2024, rose 14.2% year-over-year to ¥129,378 million, driven by strong performance in both supermarket and restaurant businesses, as well as contributions from new stores and the acquisition of Super Mirabel.

• Operating income increased 32.7% year-over-year to ¥7,441 million, and net income attributable to shareholders grew 28.6% to ¥3,956 million.

• The group expanded its supermarket network to 106 stores and restaurant business to 18 stores by the end of the period.

Financial highlights

• Gross profit margin improved as gross profit rose to ¥37,055 million from ¥32,122 million year-over-year.

• Operating income reached ¥7,441 million, up from ¥5,606 million, and ordinary income was ¥7,599 million, up from ¥5,743 million year-over-year.

• EPS for the period was ¥148.28, up from ¥115.32 in the prior year.

• Total assets increased to ¥69,864 million, and net assets to ¥42,516 million, with an equity ratio of 60.3%.

Outlook and guidance

• Full-year revenue is forecast at ¥169,000 million, up 9.2% year-over-year, with operating income of ¥7,700 million and net income of ¥4,740 million.

• No changes have been made to the previously announced earnings forecast.