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PIGEON CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 40%

Thu Nov 7, 2024 3:30 pm JST Earnings

7956 PIGEON CORPORATION 【J-GAAP】

Earnings Report

PIGEON CORPORATION <7956> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 20.8% from the same period last year to 8.83 billion yen. The progress rate against the 11.4 billion yen full-year plan was 77.5%, below the four-year average of 85.3%.

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 surge by 6.9 times that of the same period last year, reaching 2.56 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 2.4 billion yen, a 40.4% decrease compared to the same period last year. The operating profit margin decreased from 14.7% in the same period last year to 10.8%.

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 70,707 9,103 10,774 6,948 58.1 80.0 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 72,942 10,183 11,149 7,281 60.9 96.8 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 76,037 8,481 8,833 5,426 45.4 77.5 Nov 7, 2024 J-GAAP
YoY +4.2% -16.7% -20.8% -25.5% -25.4%

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 46,459 4,215 4,405 2,857 23.9 38 Feb 15, 2024 J-GAAP
Jul - Dec, 2024 Guidance 49,687 5,578 4,969 4,026 33.7 38 Aug 14, 2024 J-GAAP
YoY +6.9% +32.3% +12.8% +40.9% +40.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 94,921 12,195 13,465 8,581 71.7 76 Feb 14, 2023 J-GAAP
Dec, 2023 94,461 10,726 11,522 7,423 62.1 76 Feb 15, 2024 J-GAAP
Dec, 2024 Guidance 101,000 11,400 11,400 7,600 63.6 76 Feb 15, 2024 J-GAAP
YoY +6.9% +6.3% -1.1% +2.4% +2.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 24,940 3,672 4,032 2,715 22.7 14.7 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 21,519 543 373 142 1.2 2.5 Feb 15, 2024 J-GAAP
Jan - Mar, 2024 23,749 2,697 2,963 1,906 15.9 11.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 27,564 3,125 3,468 1,668 14.0 11.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 24,724 2,659 2,402 1,852 15.5 10.8 Nov 7, 2024 J-GAAP
YoY -0.9% -27.6% -40.4% -31.8% -31.7%

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