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

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%

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