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PIOLAX,INC., The Current Fiscal Year Ordinary Profit Revised Downward by 28%

Thu Nov 7, 2024 1:00 pm JST Earnings

5988 PIOLAX,INC. 【J-GAAP】

Earnings Report

PIOLAX,INC. <5988> [TSE-P] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.2% from the same period last year to 1.8 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 27.7%, from the previous forecast of 4.7 billion yen to 3.4 billion yen (compared to 5.65 billion yen in the previous period), leading to an increase in the profit decline rate from 16.8% to 39.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 51.7% from the same period last year to 1.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 910 million yen, a 28.1% decrease compared to the same period last year. The operating profit margin worsened from 6.2% in the same period last year to 3.8%.

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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 27,707 1,651 2,062 1,439 42.3 42.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 30,966 1,881 2,354 1,980 58.2 41.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 31,946 1,271 1,807 1,225 36.0 53.1 Nov 7, 2024 J-GAAP
YoY +3.2% -32.4% -23.2% -38.1% -38.1%

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 32,000 1,300 1,800 1,300 38.2 39 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 31,946 1,271 1,807 1,225 36.0 39 Nov 7, 2024 J-GAAP
Revision Rate -0.2% -2.2% +0.4% -5.8% -5.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 66,000 3,600 4,700 3,100 93.9 92 May 10, 2024 J-GAAP
Mar, 2025 New 63,500 2,400 3,400 2,200 66.6 92 Nov 7, 2024 J-GAAP
Revision Rate -3.8% -33.3% -27.7% -29.0% -29.0%

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 33,585 2,875 3,296 2,033 59.7 59 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,554 1,129 1,593 975 29.5 53 Nov 7, 2024 J-GAAP
YoY -6.0% -60.7% -51.7% -52.0% -50.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 58,422 3,949 4,868 3,375 99.2 100 May 12, 2023 J-GAAP
Mar, 2024 64,551 4,756 5,650 4,013 117.9 128 May 10, 2024 J-GAAP
Mar, 2025 Guidance 63,500 2,400 3,400 2,200 66.6 92 Nov 7, 2024 J-GAAP
YoY -1.6% -49.5% -39.8% -45.2% -43.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,866 980 1,265 981 28.8 6.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 17,206 1,793 2,502 1,923 56.5 10.4 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 16,379 1,082 794 110 3.2 6.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 15,734 649 897 721 21.2 4.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 16,212 622 910 504 14.8 3.8 Nov 7, 2024 J-GAAP
YoY +2.2% -36.5% -28.1% -48.6% -48.6%

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