Premium Water Holdings,Inc., The Current Fiscal Year Net Income Revised Upward by 17%, Dividend Revised Upward by 5 yen

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Thu Nov 7, 2024 4:00 pm JST Earnings

2588 Premium Water Holdings,Inc. 【IFRS】

Earnings Report

Premium Water Holdings,Inc. <2588> [TSE-S] announced its financial results (based on IFRS) after the market closed on November 7th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.12 billion yen, an increase of 52.5% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 17.0%, from the previous forecast of 4.7 billion yen to 5.5 billion yen (compared to 5.77 billion yen in the previous period), and the declining rate is expected to decrease from 18.6% to 4.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 36.3% from the same period last year to 2.37 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 95 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 25.2% from the same period last year, reaching 1.69 billion yen. The operating profit margin jumped from 11.2% in the same period last year to 15.3%.

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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	38,188	3,741	3,341	2,138	72.0	52.1	Nov 10, 2022	IFRS
Apr - Sep, 2023	41,513	3,860	3,248	2,051	69.4	40.5	Nov 9, 2023	IFRS
Apr - Sep, 2024	38,911	5,999	5,038	3,128	105.1	ー	Nov 7, 2024	IFRS
YoY	-6.3%	+55.4%	+55.1%	+52.5%	+51.5%

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	－	45	May 9, 2024	IFRS
Apr - Sep, 2024 Results	38,911	5,999	5,038	3,128	105.1	45	Nov 7, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	77,000	9,700	ー	4,700	158.4	90	May 9, 2024	IFRS
Mar, 2025 New	77,000	11,000	ー	5,500	185.3	95	Nov 7, 2024	IFRS
Revision Rate	0.0%	+13.4%	－	+17.0%	+17.0%

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	39,065	5,576	4,780	3,726	125.9	45	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	38,089	5,001	ー	2,372	79.9	50	Nov 7, 2024	IFRS
YoY	-2.5%	-10.3%	－	-36.3%	-36.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	76,463	7,346	6,416	6,057	204.4	60	May 11, 2023	IFRS
Mar, 2024	80,578	9,436	8,028	5,777	195.2	80	May 9, 2024	IFRS
Mar, 2025 Guidance	77,000	11,000	ー	5,500	185.3	95	Nov 7, 2024	IFRS
YoY	-4.4%	+16.6%	－	-4.8%	-5.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	21,448	2,401	2,062	1,355	45.8	11.2	Nov 9, 2023	IFRS
Oct - Dec, 2023	20,503	3,389	3,081	1,709	57.8	16.5	Feb 8, 2024	IFRS
Jan - Mar, 2024	18,562	2,187	1,699	2,017	68.2	11.8	May 9, 2024	IFRS
Apr - Jun, 2024	18,794	2,927	2,431	1,432	48.1	15.6	Aug 8, 2024	IFRS
Jul - Sep, 2024	20,117	3,072	2,607	1,696	57.0	15.3	Nov 7, 2024	IFRS
YoY	-6.2%	+27.9%	+26.4%	+25.2%	+24.3%