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Prored Partners CO.,LTD., The Current Fiscal Year Operating Profit Loss to Narrow

Fri Sep 13, 2024 3:00 pm JST Earnings

7034 Prored Partners CO.,LTD. 【J-GAAP】

Earnings Report

Prored Partners CO.,LTD. <7034> [TSE-P] announced its financial results after the market closed on September 13th (15:00). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a profit of 158 million yen (compared to a loss of 237 million yen in the same period last year).

In addition, the full-year consolidated operating profit/loss has been revised upward from an expected loss of 917 million yen to a loss of 120 million yen (compared to a loss of 372 million yen in the previous period), indicating a reduction in the loss margin.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated operating profit/loss for the May to October period (second half) has been revised upward from an expected loss of 1.18 billion yen to a loss of 390 million yen (compared to a loss of 274 million yen in the same period of the previous year), indicating a reduction in the loss margin.

In the most recent three-month period, from May to July (3Q), the consolidated operating loss improved to a deficit of loss of 112 million yen (compared to a loss of 139 million yen in the same period last year). The operating profit/loss margin drastically improved from -25.1% in the same period last year to -17.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 1,976 -42 -113 -763 -70.0 ー Sep 14, 2022 J-GAAP
Nov - Jul, 2022 1,915 -237 4,499 941 86.2 102.8 Sep 14, 2023 J-GAAP
Nov - Jul, 2023 2,443 158 1,592 412 37.8 ー Sep 13, 2024 J-GAAP
YoY +27.6% － -64.6% -56.2% -56.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Prev -698 -2,304 ー ー － 0 Jun 14, 2024 J-GAAP
May - Oct, 2024 New -144 -1,507 ー ー － 0 Sep 13, 2024 J-GAAP
Revision Rate +79.4% +34.6% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Prev 2,546 -917 ー ー － 0 Dec 15, 2023 J-GAAP
Oct, 2024 New 3,100 -120 ー ー － 0 Sep 13, 2024 J-GAAP
Revision Rate +21.8% +86.9% － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 1,354 -274 -368 -84 -7.7 0 Dec 15, 2023 J-GAAP
May - Oct, 2024 Guidance -144 -1,507 ー ー － 0 Sep 13, 2024 J-GAAP
YoY － -450.0% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 2,718 -148 -209 -871 -79.8 0 Dec 15, 2022 J-GAAP
Oct, 2023 2,715 -372 4,378 818 75.0 0 Dec 15, 2023 J-GAAP
Oct, 2024 Guidance 3,100 -120 ー ー － 0 Sep 13, 2024 J-GAAP
YoY +14.2% +67.7% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 554 -139 -247 39 3.6 -25.1 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 800 -135 -121 -123 -11.3 -16.9 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 772 2 -72 -36 -3.4 0.3 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 2,472 1,385 1,734 517 47.4 56.0 Jun 14, 2024 J-GAAP
May - Jul, 2024 -801 -1,229 -70 -69 -6.3 153.4 Sep 13, 2024 J-GAAP
YoY － -784.2% +71.7% － －

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