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PASCO CORPORATION, First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

Thu Nov 7, 2024 3:30 pm JST Earnings

9232 PASCO CORPORATION 【J-GAAP】

Earnings Report

PASCO CORPORATION <9232> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 3.41 billion yen (compared to a loss of 1.93 billion yen in the same period last year).

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 8.9% from the same period last year, reaching 8.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 1.49 billion yen (compared to a loss of 701 million yen in the same period last year). The operating profit/loss margin drastically worsened from -5.8% in the same period last year to -10.4%.

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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 24,318 -351 -302 477 33.1 ー Nov 9, 2022 J-GAAP
Apr - Sep, 2023 22,425 -2,010 -1,931 -319 -22.2 ー Nov 8, 2023 J-GAAP
Apr - Sep, 2024 21,563 -3,182 -3,419 -2,366 -164.4 ー Nov 7, 2024 J-GAAP
YoY -3.8% -58.3% -77.1% -641.7% -641.2%

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 － － May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 21,563 -3,182 -3,419 -2,366 -164.4 － 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 38,279 7,316 7,364 5,411 375.8 50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 38,437 7,782 8,019 5,466 379.7 0 Nov 7, 2024 J-GAAP
YoY +0.4% +6.4% +8.9% +1.0% +1.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 62,016 6,432 6,525 4,099 284.4 45 May 10, 2023 J-GAAP
Mar, 2024 60,704 5,306 5,433 5,092 353.7 75 May 9, 2024 J-GAAP
Mar, 2025 Guidance 60,000 4,600 4,600 3,100 215.4 0 Sep 5, 2024 J-GAAP
YoY -1.2% -13.3% -15.3% -39.1% -39.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,190 -706 -701 -520 -36.2 -5.8 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 16,188 1,993 1,981 1,687 117.2 12.3 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 22,091 5,323 5,383 3,724 258.7 24.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 9,708 -1,953 -1,920 -1,287 -89.4 -20.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,855 -1,229 -1,499 -1,079 -75.0 -10.4 Nov 7, 2024 J-GAAP
YoY -2.7% -74.1% -113.8% -107.5% -107.3%

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