PARK24 Co., Ltd., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 14%

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Tue Sep 17, 2024 4:00 pm JST Earnings

4666 PARK24 Co., Ltd. 【J-GAAP】

Earnings Report

PARK24 Co., Ltd. <4666> [TSE-P] announced its financial results after the market closed on September 17th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 13.7% from the same period last year, reaching 24 billion yen. This progress accounts for 77.5% of the full-year plan of 31 billion yen, also surpassing the five-year average of 65.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to grow by 6.5% from the same period last year, reaching 6.98 billion yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit decreased to 9.01 billion yen, a 6.3% decrease compared to the same period last year. The operating profit margin decreased from 11.0% in the same period last year to 10.6%.

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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	211,030	11,963	9,363	2,313	14.5	55.2	Sep 14, 2022	J-GAAP
Nov - Jul, 2022	241,504	24,390	21,114	15,293	89.7	76.3	Sep 14, 2023	J-GAAP
Nov - Jul, 2023	270,216	26,610	24,014	14,655	85.9	77.5	Sep 17, 2024	J-GAAP
YoY	+11.9%	+9.1%	+13.7%	-4.2%	-4.2%

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	173,045	16,889	16,180	9,563	56.1	0	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	181,125	18,346	16,002	10,991	64.4	5	Jun 14, 2024	J-GAAP
YoY	+4.7%	+8.6%	-1.1%	+14.9%	+14.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	290,253	20,672	16,970	2,476	15.2	0	Dec 15, 2022	J-GAAP
Oct, 2023	330,123	31,986	27,673	17,542	102.9	0	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	357,000	35,000	31,000	20,000	117.2	5	Dec 14, 2023	J-GAAP
YoY	+8.1%	+9.4%	+12.0%	+14.0%	+14.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	84,426	9,293	9,621	7,314	42.9	11.0	Sep 14, 2023	J-GAAP
Aug - Oct, 2023	88,619	7,596	6,559	2,249	13.2	8.6	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	86,731	8,622	7,975	5,086	29.8	9.9	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	89,144	8,032	7,023	3,923	23.0	9.0	Jun 14, 2024	J-GAAP
May - Jul, 2024	94,341	9,956	9,016	5,646	33.1	10.6	Sep 17, 2024	J-GAAP
YoY	+11.7%	+7.1%	-6.3%	-22.8%	-22.8%