PR TIMES, Inc., June-August (2Q) Ordinary Profit Decreases by 14%

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Fri Oct 11, 2024 3:00 pm JST Earnings

3922 PR TIMES, Inc. 【J-GAAP】

Earnings Report

PR TIMES, Inc. <3922> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 7.3% from the same period last year, reaching 955 million yen, resulting in an increase in profits compared to the previous forecast of a 6.2% decrease.

However, The progress rate against the 1.88 billion yen full-year plan was 50.6%, it was below the five-year average of 57.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 12.9% from the same period last year, reaching 934 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 471 million yen, a 13.9% decrease compared to the same period last year. The operating profit margin decreased from 32.6% in the same period last year to 24.1%.

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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	2,814	916	915	576	43.0	77.0	Oct 13, 2022	J-GAAP
Mar - Aug, 2023	3,284	890	890	600	44.9	51.8	Oct 12, 2023	J-GAAP
Mar - Aug, 2024	3,892	958	955	634	47.2	50.6	Oct 11, 2024	J-GAAP
YoY	+18.5%	+7.6%	+7.3%	+5.7%	+5.3%

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	3,958	842	835	566	42.1	0	Apr 11, 2024	J-GAAP
Mar - Aug, 2024 Results	3,892	958	955	634	47.2	0	Oct 11, 2024	J-GAAP
Revision Rate	-1.7%	+13.8%	+14.4%	+12.0%	+12.3%

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	3,552	856	827	561	41.9	0	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,297	942	934	642	47.7	0	Oct 11, 2024	J-GAAP
YoY	+21.0%	+10.0%	+12.9%	+14.4%	+13.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,706	1,190	1,188	777	58.0	0	Apr 13, 2023	J-GAAP
Feb, 2024	6,836	1,746	1,717	1,161	86.6	0	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	8,189	1,900	1,889	1,276	94.8	0	Apr 11, 2024	J-GAAP
YoY	+19.8%	+8.8%	+10.0%	+9.9%	+9.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,676	547	547	369	27.6	32.6	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	1,759	625	600	400	29.9	35.5	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	1,793	231	227	161	12.0	12.9	Apr 11, 2024	J-GAAP
Mar - May, 2024	1,925	484	484	320	23.9	25.1	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	1,967	474	471	314	23.4	24.1	Oct 11, 2024	J-GAAP
YoY	+17.4%	-13.3%	-13.9%	-14.9%	-15.2%