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

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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%