Pole To Win Holdings, Inc., The Current Fiscal Year Ordinary Profit Revised Downward by 16%

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Tue Sep 10, 2024 3:30 pm JST Earnings

3657 Pole To Win Holdings, Inc. 【J-GAAP】

Earnings Report

Pole To Win Holdings, Inc. <3657> [TSE-P] announced its financial results after the market closed on September 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) decreased by 8.3% from the same period last year to 410 million yen, However, reversing from the forecast of a loss of 124 million yen to a profit.

However, the full-year consolidated ordinary profit has downwardly by 16.0%, from the previous forecast of 2.2 billion yen to 1.84 billion yen (compared to 509 million yen in the previous period), leading to a reduction in the profit decline rate from 4.3 times to 3.6 times. However, the full-year consolidated net income has been revised upward by 30.9%, from the previous forecast of 246 million yen to 322 million yen (compared to loss of 1.96 billion yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to surge by 23 times that of the same period last year, reaching 1.43 billion yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit surged to 4.3 times that of the same period last year, reaching 501 million yen. The operating profit margin improved from 2.4% in the same period last year to 3.9%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Feb - Jul, 2022	19,661	1,351	1,653	161	4.3	61.5	Sep 9, 2022	J-GAAP
Feb - Jul, 2023	21,884	564	447	-321	-8.7	87.8	Sep 14, 2023	J-GAAP
Feb - Jul, 2024	24,288	359	410	-184	-5.2	22.2	Sep 10, 2024	J-GAAP
YoY	+11.0%	-36.3%	-8.3%	+42.7%	+40.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	23,840	-118	-124	-860	-24.3	8	Jun 7, 2024	J-GAAP
Feb - Jul, 2024 Results	24,288	359	410	-184	-5.2	8	Sep 10, 2024	J-GAAP
Revision Rate	+1.9%	－	－	+78.6%	+78.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Prev	52,028	2,212	2,201	246	7.0	16	Mar 12, 2024	J-GAAP
Jan, 2025 New	51,007	1,803	1,849	322	9.1	16	Sep 10, 2024	J-GAAP
Revision Rate	-2.0%	-18.5%	-16.0%	+30.9%	+30.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	25,096	-160	62	-1,646	-45.7	16	Mar 12, 2024	J-GAAP
Aug - Jan, 2024 Guidance	26,719	1,444	1,439	506	14.3	8	Sep 10, 2024	J-GAAP
YoY	+6.5%	－	+2,221.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	39,929	2,724	2,689	795	21.2	15	Mar 14, 2023	J-GAAP
Jan, 2024	46,980	404	509	-1,967	-54.6	16	Mar 12, 2024	J-GAAP
Jan, 2025 Guidance	51,007	1,803	1,849	322	9.1	16	Sep 10, 2024	J-GAAP
YoY	+8.6%	+346.3%	+263.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	10,960	266	116	-418	-11.4	2.4	Sep 14, 2023	J-GAAP
Aug - Oct, 2023	11,738	139	350	30	0.8	1.2	Dec 12, 2023	J-GAAP
Nov - Jan, 2023	13,358	-299	-288	-1,676	-46.5	-2.2	Mar 12, 2024	J-GAAP
Feb - Apr, 2024	11,963	-123	-91	-404	-11.4	-1.0	Jun 7, 2024	J-GAAP
May - Jul, 2024	12,325	482	501	220	6.2	3.9	Sep 10, 2024	J-GAAP
YoY	+12.5%	+81.2%	+331.9%	－	－