Premium Group Co.,Ltd., First Half Net Income Increases by 34%

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Fri Oct 25, 2024 3:00 pm JST Earnings

7199 Premium Group Co.,Ltd. 【IFRS】

Earnings Report

Premium Group Co.,Ltd. <7199> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 25th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.77 billion yen, an increase of 34.3% compared to the same period last year. The progress rate against the 5.4 billion yen full-year plan was 51.3%, it was below the five-year average of 67.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 3.3% from the same period last year, reaching 2.62 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 50.9% from the same period last year, reaching 1.49 billion yen. The operating profit margin jumped from 17.9% in the same period last year to 23.6%.

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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
Apr - Sep, 2022	11,982	2,375	3,461	2,641	68.3	64.8	Oct 28, 2022	IFRS
Apr - Sep, 2023	15,056	2,763	2,824	2,064	53.0	45.2	Oct 27, 2023	IFRS
Apr - Sep, 2024	18,092	4,050	4,076	2,771	73.1	50.9	Oct 25, 2024	IFRS
YoY	+20.2%	+46.6%	+44.3%	+34.3%	+37.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	20	Apr 26, 2024	IFRS
Apr - Sep, 2024 Results	18,092	4,050	4,076	2,771	73.1	20	Oct 25, 2024	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	16,490	3,432	3,417	2,544	65.9	15	Apr 26, 2024	IFRS
Oct - Mar, 2024 Guidance	21,908	ー	3,924	2,629	69.3	20	Oct 25, 2024	IFRS
YoY	+32.9%	－	+14.8%	+3.3%	+5.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,465	4,245	5,344	3,994	103.2	21	May 2, 2023	IFRS
Mar, 2024	31,546	6,195	6,241	4,608	119.4	28	Apr 26, 2024	IFRS
Mar, 2025 Guidance	40,000	ー	8,000	5,400	142.3	40	Apr 26, 2024	IFRS
YoY	+26.8%	－	+28.2%	+17.2%	+19.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,823	1,398	1,416	992	25.5	17.9	Oct 27, 2023	IFRS
Oct - Dec, 2023	7,919	1,645	1,631	1,139	29.4	20.8	Jan 31, 2024	IFRS
Jan - Mar, 2024	8,571	1,787	1,786	1,405	36.4	20.8	Apr 26, 2024	IFRS
Apr - Jun, 2024	8,674	1,823	1,876	1,274	33.6	21.0	Jul 26, 2024	IFRS
Jul - Sep, 2024	9,418	2,227	2,200	1,497	39.5	23.6	Oct 25, 2024	IFRS
YoY	+20.4%	+59.3%	+55.4%	+50.9%	+54.9%