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PILOT CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 11%, July-September Ordinary Profit Decreases by 16%

Wed Nov 6, 2024 4:00 pm JST Earnings

7846 PILOT CORPORATION 【J-GAAP】

Earnings Report

PILOT CORPORATION <7846> [TSE-P] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 11.2% from the same period last year to 15.3 billion yen. However, The progress rate against the 20 billion yen full-year plan was 76.8%, almost the same as the five-year average of 76.7%.

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 expand by 31.2% from the same period last year, reaching 4.63 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 2.68 billion yen, a 15.9% decrease compared to the same period last year. However, the operating profit margin jumped from 10.2% in the same period last year to 14.5%.

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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 84,106 15,737 18,079 12,603 319.5 79.9 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 88,251 14,826 17,305 11,988 303.9 83.0 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 95,304 14,241 15,362 11,861 302.3 76.8 Nov 6, 2024 J-GAAP
YoY +8.0% -3.9% -11.2% -1.1% -0.5%

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 57,188 6,912 6,728 3,820 96.8 50 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 60,361 8,049 7,324 5,067 131.5 53 Aug 7, 2024 J-GAAP
YoY +5.5% +16.4% +8.9% +32.6% +35.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 112,850 21,244 22,633 15,773 399.9 90 Feb 13, 2023 J-GAAP
Dec, 2023 118,590 19,003 20,840 13,661 346.3 100 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 126,000 18,000 20,000 14,000 363.3 106 Aug 7, 2024 J-GAAP
YoY +6.2% -5.3% -4.0% +2.5% +4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 26,849 2,735 3,193 2,147 54.4 10.2 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 30,339 4,177 3,535 1,673 42.4 13.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 28,799 2,980 4,114 2,700 68.5 10.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 36,840 6,971 8,562 6,233 158.2 18.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 29,665 4,290 2,686 2,928 74.6 14.5 Nov 6, 2024 J-GAAP
YoY +10.5% +56.9% -15.9% +36.4% +37.1%

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