PENTA-OCEAN CONSTRUCTION CO.,LTD., First Half Ordinary Profit Increases by 3%

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Thu Nov 7, 2024 12:00 pm JST Earnings

1893 PENTA-OCEAN CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

PENTA-OCEAN CONSTRUCTION CO.,LTD. <1893> [TSE-P] announced its financial results at noon (12:00) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 13.2 billion yen, a 2.5% increase compared to the same period last year. However, The progress rate against the 30 billion yen full-year plan was 44.3%, also falling below the same period of the previous year of 47.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 17.2% from the same period last year, reaching 16.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 5.94 billion yen, a 2.6% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 4.4% in the same period last year to 4.5%.

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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	227,669	6,672	7,015	4,820	16.9	495.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	278,561	13,339	12,962	8,806	30.9	47.6	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	328,047	15,101	13,292	9,886	34.9	44.3	Nov 7, 2024	J-GAAP
YoY	+17.8%	+13.2%	+2.5%	+12.3%	+13.1%

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	ー	ー	ー	ー	－	12	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	328,047	15,101	13,292	9,886	34.9	12	Nov 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	339,147	15,813	14,259	9,069	31.8	24	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	326,953	17,399	16,708	10,114	35.9	12	Nov 7, 2024	J-GAAP
YoY	-3.6%	+10.0%	+17.2%	+11.5%	+12.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	502,206	4,119	1,415	684	2.4	24	May 12, 2023	J-GAAP
Mar, 2024	617,708	29,152	27,221	17,875	62.7	24	May 10, 2024	J-GAAP
Mar, 2025 Guidance	655,000	32,500	30,000	20,000	71.0	24	May 10, 2024	J-GAAP
YoY	+6.0%	+11.5%	+10.2%	+11.9%	+13.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	151,288	6,658	6,104	4,028	14.1	4.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	157,219	7,384	5,686	4,101	14.4	4.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	181,928	8,429	8,573	4,968	17.4	4.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	154,349	7,213	7,348	5,222	18.4	4.7	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	173,698	7,888	5,944	4,664	16.5	4.5	Nov 7, 2024	J-GAAP
YoY	+14.8%	+18.5%	-2.6%	+15.8%	+16.6%