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

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%

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