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

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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%.

Kabutan News

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%