THE PACK CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 8%

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Tue Nov 5, 2024 3:30 pm JST Earnings

3950 THE PACK CORPORATION 【J-GAAP】

Earnings Report

THE PACK CORPORATION <3950> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 8.4% from the same period last year, reaching 5.12 billion yen. The progress rate against the 8.4 billion yen full-year plan was 61.0%, exceeding the five-year average of 55.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 1.8% from the same period last year to 3.27 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.46 billion yen, a 7.5% decrease compared to the same period last year. The operating profit margin worsened from 6.7% in the same period last year to 6.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	60,481	3,273	3,592	2,250	118.4	56.5	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	67,586	4,500	4,727	3,205	168.5	58.6	Nov 6, 2023	J-GAAP
Jan - Sep, 2024	70,040	4,945	5,124	3,984	209.9	61.0	Nov 5, 2024	J-GAAP
YoY	+3.6%	+9.9%	+8.4%	+24.3%	+24.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	52,836	4,767	4,916	3,519	185.0	55	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	54,383	4,575	4,738	3,401	181.1	66	Aug 6, 2024	J-GAAP
YoY	+2.9%	-4.0%	-3.6%	-3.4%	-2.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	89,060	5,972	6,353	4,058	213.6	65	Feb 6, 2023	J-GAAP
Dec, 2023	97,714	7,743	8,063	5,652	297.1	90	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	101,000	8,100	8,400	6,400	340.9	118	Feb 9, 2024	J-GAAP
YoY	+3.4%	+4.6%	+4.2%	+13.2%	+14.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,708	1,524	1,580	1,072	56.4	6.7	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	30,128	3,243	3,336	2,447	128.6	10.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	22,694	1,613	1,670	1,479	77.7	7.1	May 8, 2024	J-GAAP
Apr - Jun, 2024	23,923	1,912	1,992	1,520	79.9	8.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	23,423	1,420	1,462	985	51.9	6.1	Nov 5, 2024	J-GAAP
YoY	+3.1%	-6.8%	-7.5%	-8.1%	-7.9%