PLACO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 19%

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Fri Nov 8, 2024 3:00 pm JST Earnings

6347 PLACO CO.,LTD. 【J-GAAP】

Earnings Report

PLACO CO.,LTD. <6347> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 108 million yen (compared to a loss of 221 million yen in the same period last year).

However, the full-year ordinary profit has downwardly by 19.4%, from the previous forecast of 186 million yen to 150 million yen (compared to a loss of 281 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 258 million yen (compared to a loss of 60 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 47 million yen (compared to a loss of 230 million yen in the same period last year). The operating profit/loss margin drastically improved from -19.0% in the same period last year to -11.4%.

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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	1,030	-77	-84	-96	-11.4	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,702	-205	-221	-218	-24.9	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	936	-112	-108	-112	-12.9	ー	Nov 8, 2024	J-GAAP
YoY	-45.0%	+45.4%	+51.1%	+48.6%	+48.4%

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 10, 2024	J-GAAP
Apr - Sep, 2024 Results	936	-112	-108	-112	-12.9	0	Nov 8, 2024	J-GAAP
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	2,818	210	186	135	14.3	6	May 10, 2024	J-GAAP
Mar, 2025 New	2,670	166	150	128	13.6	6	Nov 8, 2024	J-GAAP
Revision Rate	-5.3%	-21.0%	-19.4%	-5.2%	-5.2%

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	1,709	-52	-60	-33	-3.8	6	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,734	278	258	240	25.5	6	Nov 8, 2024	J-GAAP
YoY	+1.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,003	192	188	126	14.9	6	May 12, 2023	J-GAAP
Mar, 2024	3,411	-257	-281	-251	-28.6	6	May 10, 2024	J-GAAP
Mar, 2025 Guidance	2,670	166	150	128	13.6	6	Nov 8, 2024	J-GAAP
YoY	-21.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,168	-222	-230	-225	-25.7	-19.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	904	66	63	60	6.9	7.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	805	-118	-123	-93	-10.6	-14.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	419	-53	-61	-58	-6.6	-12.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	517	-59	-47	-54	-6.2	-11.4	Nov 8, 2024	J-GAAP
YoY	-55.7%	+73.4%	+79.6%	+76.0%	+75.9%