PEGASUS CO., LTD., First Half Ordinary Profit Decreases by 15%

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Thu Oct 31, 2024 3:00 pm JST Earnings

6262 PEGASUS CO., LTD. 【J-GAAP】

Earnings Report

PEGASUS CO., LTD. <6262> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.9% from the same period last year to 567 million yen. The progress rate against the 1.71 billion yen full-year plan was 33.2%, also falling below the five-year average of 59.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 1.14 billion yen (compared to a loss of 154 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.3% from the same period last year, reaching 89 million yen. The operating profit/loss margin drastically improved from -3.1% in the same period last year to 8.7%.

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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	13,349	1,905	2,451	1,740	70.2	83.2	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	8,827	120	666	439	17.7	130.1	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	10,467	784	567	237	9.6	33.2	Oct 31, 2024	J-GAAP
YoY	+18.6%	+553.3%	-14.9%	-46.0%	-45.9%

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	10,250	650	540	220	8.9	5	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	10,467	784	567	237	9.6	5	Oct 31, 2024	J-GAAP
Revision Rate	+2.1%	+20.6%	+5.0%	+7.7%	+8.0%

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	8,715	-82	-154	-511	-20.8	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,103	1,036	1,143	763	30.8	8	Oct 31, 2024	J-GAAP
YoY	+38.9%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,288	2,657	2,946	2,294	92.5	27	May 12, 2023	J-GAAP
Mar, 2024	17,542	38	512	-72	-2.9	5	May 13, 2024	J-GAAP
Mar, 2025 Guidance	22,570	1,820	1,710	1,000	40.3	13	May 13, 2024	J-GAAP
YoY	+28.7%	+4,689.5%	+234.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,166	-130	80	48	1.9	-3.1	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	4,187	-20	-333	-568	-23.0	-0.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	4,528	-62	179	57	2.3	-1.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	5,142	323	478	381	15.4	6.3	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	5,325	461	89	-144	-5.8	8.7	Oct 31, 2024	J-GAAP
YoY	+27.8%	－	+11.3%	－	－