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PALEMO HOLDINGS CO.,LTD., First Half Ordinary Profit Decreases by 43%, June-Augus Ordinary Profit Decreases by 31%

Fri Sep 27, 2024 3:30 pm JST Earnings

2778 PALEMO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

PALEMO HOLDINGS CO.,LTD. <2778> [TSE-S] announced its financial results after the market closed on September 27th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 43.0% from the same period last year to 249 million yen. The progress rate against the 305 million yen full-year plan was 81.6%, below the five-year average of 113.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 56 million yen (compared to a loss of 101 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 178 million yen, a 30.7% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 4.6%.

Kabutan News

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
Mar - Aug, 2022 9,254 422 486 461 38.5 83.8 Sep 27, 2022 J-GAAP
Mar - Aug, 2023 8,412 454 437 508 42.3 130.1 Sep 29, 2023 J-GAAP
Mar - Aug, 2024 7,834 262 249 105 8.8 81.6 Sep 27, 2024 J-GAAP
YoY -6.9% -42.3% -43.0% -79.3% -79.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 7,834 262 249 105 8.7 0 Sep 17, 2024 J-GAAP
Mar - Aug, 2024 Results 7,834 262 249 105 8.8 0 Sep 27, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 7,529 -92 -101 -97 -8.1 0 Mar 29, 2024 J-GAAP
Sep - Feb, 2024 Guidance 7,536 103 56 70 5.8 0 Sep 17, 2024 J-GAAP
YoY +0.1% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 17,513 527 580 562 46.8 0 Mar 31, 2023 J-GAAP
Feb, 2024 15,941 362 336 411 34.2 0 Mar 29, 2024 J-GAAP
Feb, 2025 Guidance 15,370 365 305 175 14.6 0 Sep 17, 2024 J-GAAP
YoY -3.6% +0.8% -9.2% -57.4% -57.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 4,362 266 257 334 27.8 6.1 Sep 29, 2023 J-GAAP
Sep - Nov, 2023 3,612 -55 -51 76 6.3 -1.5 Dec 26, 2023 J-GAAP
Dec - Feb, 2023 3,917 -37 -50 -173 -14.4 -0.9 Mar 29, 2024 J-GAAP
Mar - May, 2024 3,803 78 71 72 6.0 2.1 Jun 28, 2024 J-GAAP
Jun - Aug, 2024 4,031 184 178 33 2.8 4.6 Sep 27, 2024 J-GAAP
YoY -7.6% -30.8% -30.7% -90.1% -90.1%

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