Peers Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 9%, Dividend Revised Upward by 3.04 yen

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Tue Sep 24, 2024 6:00 pm JST Revision

7066 Peers Co.,Ltd. 【J-GAAP】

Guidance Update Report

Peers Co.,Ltd. <7066> [TSE-G] announced a revision to its performance and dividend after the market closed on September 24th (18:00). The consolidated ordinary profit for the fiscal year ending September 2024 has downwardly by 8.5%, from the previous forecast of 470 million yen to 430 million yen (compared to 407 million yen in the previous period), leading to a reduction in the profit growth rate from 15.5% to 5.7%. However, the full-year consolidated net income has been revised upward by 24.5%, from the previous forecast of 470 million yen to 585 million yen (compared to 319 million yen in the previous period), increasing the growth rate from 47.3% to 83.4%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated ordinary profit has downwardly by 38.1%, from the previous forecast of 105 million yen to 65 million yen (compared to 231 million yen in the same period of the previous year), leading to an increase in the profit decline rate from 54.5% to 71.9%.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 12.76 yen to 15.8 yen (compared to 8.34 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	3,532	150	105	143	14.9	12.76	Aug 13, 2024	J-GAAP
Apr - Sep, 2024 New	3,032	90	65	258	26.9	15.80	Sep 24, 2024	J-GAAP
Revision Rate	-14.2%	-40.0%	-38.1%	+80.4%	+80.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	6,600	500	470	470	49.1	12.76	Aug 13, 2024	J-GAAP
Sep, 2024 New	6,100	440	430	585	61.1	15.80	Sep 24, 2024	J-GAAP
Revision Rate	-7.6%	-12.0%	-8.5%	+24.5%	+24.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	2,746	238	231	36	3.9	8.34	Nov 13, 2023	J-GAAP
Apr - Sep, 2024 Guidance	3,032	90	65	258	26.9	15.80	Sep 24, 2024	J-GAAP
YoY	+10.4%	-62.2%	-71.9%	+616.7%	+587.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	3,793	57	74	-98	-10.6	1.36	Nov 11, 2022	J-GAAP
Sep, 2023	5,627	426	407	319	34.8	8.34	Nov 13, 2023	J-GAAP
Sep, 2024 Guidance	6,100	440	430	585	61.1	15.80	Sep 24, 2024	J-GAAP
YoY	+8.4%	+3.3%	+5.7%	+83.4%	+75.7%