JM Holdings (3539) Q4 2024 earnings summary

Executive summary

• Revenue rose 11.3% year-over-year to ¥172,331 million, with operating profit up 26.3% and net income attributable to shareholders up 23.7%.

• Growth driven by strong performance in existing supermarket and restaurant businesses, new store openings, and the contribution from Super Mirabel acquired in March 2023.

Financial highlights

• Operating profit reached ¥9,149 million, up ¥1,906 million year-over-year.

• Net income attributable to shareholders was ¥5,465 million, up ¥1,048 million year-over-year.

• Cash and equivalents at period-end were ¥17,897 million, up from ¥15,819 million.

• Dividend per share increased to ¥42.00, with a payout ratio of 20.5%.

Outlook and guidance

• FY2025 revenue forecasted at ¥180,000 million (+4.4%), operating profit at ¥9,900 million (+8.2%), and net income at ¥6,200 million (+13.4%).

• Plans to open 11 new supermarkets and 1 restaurant in FY2025.