PARAMOUNT BED HOLDINGS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 14%

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Wed Oct 30, 2024 3:00 pm JST Earnings

7817 PARAMOUNT BED HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

PARAMOUNT BED HOLDINGS CO.,LTD. <7817> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 55.8% from the same period last year to 3.45 billion yen, fell short of the previous forecast of 5.45 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 13.8%, from the previous forecast of 14.5 billion yen to 12.5 billion yen (compared to 15.9 billion yen in the previous period), leading to an increase in the profit decline rate from 8.9% to 21.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 11.7% from the same period last year, reaching 9.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.31 billion yen, a 63.8% decrease compared to the same period last year. The operating profit margin decreased from 12.7% in the same period last year to 9.8%.

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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	46,850	6,218	7,601	5,044	86.7	53.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	49,720	6,480	7,819	5,298	90.9	49.1	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	48,674	4,099	3,454	2,272	39.6	27.6	Oct 30, 2024	J-GAAP
YoY	-2.1%	-36.7%	-55.8%	-57.1%	-56.5%

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	51,000	5,200	5,450	3,850	66.8	48	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	48,674	4,099	3,454	2,272	39.6	48	Oct 30, 2024	J-GAAP
Revision Rate	-4.6%	-21.2%	-36.6%	-41.0%	-40.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	112,000	14,000	14,500	10,100	177.2	97	May 13, 2024	J-GAAP
Mar, 2025 New	108,000	13,000	12,500	8,500	149.1	97	Oct 30, 2024	J-GAAP
Revision Rate	-3.6%	-7.1%	-13.8%	-15.8%	-15.8%

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	56,296	7,338	8,101	5,324	91.5	34	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	59,326	8,901	9,046	6,228	109.3	49	Oct 30, 2024	J-GAAP
YoY	+5.4%	+21.3%	+11.7%	+17.0%	+19.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	99,009	13,452	14,139	9,215	158.4	59	May 11, 2023	J-GAAP
Mar, 2024	106,016	13,818	15,920	10,622	182.6	65	May 13, 2024	J-GAAP
Mar, 2025 Guidance	108,000	13,000	12,500	8,500	149.1	97	Oct 30, 2024	J-GAAP
YoY	+1.9%	-5.9%	-21.5%	-20.0%	-18.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	25,402	3,222	3,641	2,439	41.8	12.7	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	23,332	2,032	1,687	1,273	21.8	8.7	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	32,964	5,306	6,414	4,051	69.6	16.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	23,145	1,593	2,136	1,566	27.3	6.9	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	25,529	2,506	1,318	706	12.3	9.8	Oct 30, 2024	J-GAAP
YoY	+0.5%	-22.2%	-63.8%	-71.1%	-70.6%