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POPLAR Co., Ltd., First Half Ordinary Profit Increases by 38%, June-Augus Ordinary Profit Increases by 12%

Fri Oct 11, 2024 2:00 pm JST Earnings

7601 POPLAR Co., Ltd. 【J-GAAP】

Earnings Report

POPLAR Co., Ltd. <7601> [TSE-S] announced its financial results in the afternoon session on October 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 268 million yen, an increase of 38.1% compared to the same period last year. The progress rate against the 404 million yen full-year plan was 66.3%, also surpassing the progress rate of 53.9% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to decrease by 18.1% from the same period last year to 136 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 11.8% from the same period last year, reaching 161 million yen. The operating profit margin remained almost flat, changing from 4.7% in the same period last year to 4.9%.

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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 6,903 2 10 21 1.8 13.7 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 6,395 231 194 306 25.2 53.9 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 6,228 261 268 264 20.5 66.3 Oct 11, 2024 J-GAAP
YoY -2.6% +13.0% +38.1% -13.7% -18.7%

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 6,228 261 268 264 22.4 0 Oct 3, 2024 J-GAAP
Mar - Aug, 2024 Results 6,228 261 268 264 20.5 0 Oct 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -8.5%

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 5,975 173 166 156 12.4 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 5,692 148 136 84 7.1 0 Oct 3, 2024 J-GAAP
YoY -4.7% -14.5% -18.1% -46.2% -42.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 13,064 55 73 -237 -20.2 0 Apr 13, 2023 J-GAAP
Feb, 2024 12,370 404 360 462 36.7 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 11,920 409 404 348 29.5 0 Oct 3, 2024 J-GAAP
YoY -3.6% +1.2% +12.2% -24.7% -19.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 3,141 148 144 154 12.7 4.7 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 3,036 88 87 58 4.7 2.9 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 2,939 85 79 98 7.8 2.9 Apr 12, 2024 J-GAAP
Mar - May, 2024 3,036 106 107 84 6.2 3.5 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 3,192 155 161 180 14.0 4.9 Oct 11, 2024 J-GAAP
YoY +1.6% +4.7% +11.8% +16.9% +10.3%

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