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PROGRIT Inc., 31% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend to Rise by 5 yen

Wed Oct 9, 2024 3:00 pm JST Earnings

9560 PROGRIT Inc. 【J-GAAP】

Earnings Report

PROGRIT Inc. <9560> [TSE-G] announced its financial results after the market closed on October 9th (15:00). The ordinary profit (non-consolidated) for the fiscal year ending August 2024 increased by 66.1% from the previous period to 817 million yen. For the fiscal year ending August 2025, the profit is expected to expand to 31.2% to 1.07 billion yen, marking the fourth consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 18 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the ordinary profit increased by 39.0% from the same period last year, reaching 82 million yen. However, the operating profit margin worsened from 6.6% in the same period last year to 6.3%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2022 2,252 326 320 187 18.1 0 Oct 14, 2022 J-GAAP
Aug, 2023 3,023 497 492 360 31.3 0 Oct 12, 2023 J-GAAP
Aug, 2024 4,453 824 817 610 49.9 13 Oct 9, 2024 J-GAAP
YoY +47.3% +65.8% +66.1% +69.4% +59.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 Guidance 4,250 750 740 540 43.3 13 Jul 10, 2024 J-GAAP
Aug, 2024 Results 4,453 824 817 610 49.9 13 Oct 9, 2024 J-GAAP
Revision Rate +4.8% +9.9% +10.4% +13.0% +15.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 2,045 539 530 395 32.9 0 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance ー ー ー ー － 0 Oct 9, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 3,023 497 492 360 31.3 0 Oct 12, 2023 J-GAAP
Aug, 2024 4,453 824 817 610 49.9 13 Oct 9, 2024 J-GAAP
Aug, 2025 Guidance 5,700 1,070 1,072 784 62.8 18 Oct 9, 2024 J-GAAP
YoY +28.0% +29.9% +31.2% +28.5% +25.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 893 59 59 64 5.6 6.6 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 1,025 321 321 220 18.5 31.3 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 1,020 218 209 175 14.6 21.4 Apr 10, 2024 J-GAAP
Mar - May, 2024 1,134 205 205 142 11.7 18.1 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 1,274 80 82 73 6.0 6.3 Oct 9, 2024 J-GAAP
YoY +42.7% +35.6% +39.0% +14.1% +7.2%

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