Palma Co., Ltd., 2.5 times Increase in Ordinary Profit for The Current Fiscal Year, Dividend to Rise by 7 yen

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Mon Nov 11, 2024 2:00 pm JST Earnings

3461 Palma Co., Ltd. 【J-GAAP】

Earnings Report

Palma Co., Ltd. <3461> [TSE-G] announced its financial results in the afternoon session on November 11th (14:00). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 decreased by 19.4% from the previous period to 141 million yen. For the fiscal year ending September 2025, the profit is expected to expand to 2.5 times to 350 million yen.

At the same time, the company has decided to significantly increase the dividend this fiscal year to 13 yen, an increase of 7 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit significantly dropped to 1 million yen, a 99.4% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 17.3% in the same period last year to -2.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	2,778	7	1	29	4.4	1.50	Nov 11, 2022	J-GAAP
Sep, 2023	2,354	168	175	111	16.6	5	Nov 10, 2023	J-GAAP
Sep, 2024	2,810	123	141	80	12.0	6	Nov 11, 2024	J-GAAP
YoY	+19.4%	-26.8%	-19.4%	-27.9%	-27.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	2,856	158	173	95	14.0	6	Sep 19, 2024	J-GAAP
Sep, 2024 Results	2,810	123	141	80	12.0	6	Nov 11, 2024	J-GAAP
Revision Rate	-1.6%	-22.2%	-18.5%	-15.8%	-14.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	998	16	20	2	0.4	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 11, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	2,354	168	175	111	16.6	5	Nov 10, 2023	J-GAAP
Sep, 2024	2,810	123	141	80	12.0	6	Nov 11, 2024	J-GAAP
Sep, 2025 Guidance	ー	ー	350	210	31.0	13	Nov 11, 2024	J-GAAP
YoY	－	－	+148.2%	+162.5%	+159.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	926	160	165	113	16.9	17.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	457	3	8	-5	-0.8	0.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	541	13	12	7	1.3	2.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,191	120	120	82	12.2	10.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	621	-13	1	-4	-0.6	-2.1	Nov 11, 2024	J-GAAP
YoY	-32.9%	－	-99.4%	－	－