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JGC Corp. (JGCCF)
OTHER OTC:JGCCF
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-$0.05Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -6.59%
|Next Earnings Date:Feb 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in net sales and demand in specific segments like functional materials and Total Engineering. However, this growth was overshadowed by declining profits, challenges in overseas projects, and a significant reduction in net income. While the market outlook remains positive in certain areas, the financial results reflect significant challenges that need to be addressed.Company Guidance
During the earnings call for the second quarter of 2024, the executives provided detailed financial guidance, highlighting several key metrics. Net sales increased by 51% year-over-year to JPY 403.2 billion, while gross profit fell by 11% to JPY 28.4 billion. The profit ratio declined by 4.9% to 7.1%, primarily due to challenges in the Total Engineering segment. Operating profit decreased by 31% to JPY 13 billion, and ordinary profit fell 17% to JPY 25.4 billion. Net income attributable to owners of the parent dropped 39% to JPY 12.5 billion, influenced by a higher effective tax rate from overseas business losses. The company maintained its full-year forecast but adjusted the yen-dollar exchange rate from JPY 133 to JPY 140. New contracts in the Total Engineering segment amounted to JPY 158.9 billion, with an order backlog of JPY 1,484.9 billion at the end of September, down JPY 79 billion quarter-over-quarter. The executives emphasized efforts to improve profitability and the impact of exchange rate fluctuations, noting that each one yen change against the U.S. dollar could affect net sales by JPY 2 billion, gross profit by JPY 0.4 billion, and ordinary profit by JPY 0.8 billion.Significant Increase in Net Sales
Net sales rose by 51% year-over-year to JPY 403.2 billion, driven by domestic projects related to clean energy and life sciences, as well as large-scale projects in Saudi Arabia and Iraq.
Strong Demand in Functional Materials
Demand for catalysts, especially for petroleum refining catalysts, remains strong in Japan and abroad. The demand for high thermal conductivity silicon nitride substrates for power semiconductors used in electric vehicles continues to grow.
Robust Market Environment for Total Engineering
Energy demand is increasing, with strong client inquiries for projects, particularly in Europe due to efforts to diversify energy procurement sources. Investment plans for hydrogen, fuel, ammonia, and SAF projects are accelerating.
Order Intake in Total Engineering
In the first half, the Total Engineering segment received orders worth JPY 160 billion, including large-scale biopharmaceutical plant construction projects in Japan.
Floating LNG Plant Success
Completion and delivery of a floating LNG plant in Mozambique, with a production capacity of 3.4 million tonnes per year, positioning JGC as a leading contractor in this field.
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JGCCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JGCCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $9.10 | $8.55 | -6.04% |
| Aug 08, 2024 | $7.65 | $7.80 | +1.96% |
| May 14, 2024 | $8.84 | $9.30 | +5.20% |
| Feb 09, 2024 | $11.61 | $11.06 | -4.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JGC Corp. (JGCCF) report earnings?
JGC Corp. (JGCCF) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is JGC Corp. (JGCCF) earnings time?
JGC Corp. (JGCCF) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JGCCF EPS forecast?
Currently, no data Available
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