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PILLAR Corporation, First Half Ordinary Profit Decreases by 23%, July-September Ordinary Profit Decreases by 27%

Mon Nov 11, 2024 2:30 pm JST Earnings

6490 PILLAR Corporation 【J-GAAP】

Earnings Report

PILLAR Corporation <6490> [TSE-P] announced its financial results in the afternoon session on November 11th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.9% from the same period last year to 5.75 billion yen. The progress rate against the 13 billion yen full-year plan was 44.3%, almost the same as the five-year average of 46.2%.

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 decrease by 5.0% from the same period last year to 7.24 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.83 billion yen, a 27.3% decrease compared to the same period last year. The operating profit margin decreased from 24.9% in the same period last year to 21.6%.

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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 22,681 6,813 7,292 5,411 228.8 51.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 28,072 6,897 7,467 5,169 221.9 49.5 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 28,534 5,825 5,754 3,887 166.7 44.3 Nov 11, 2024 J-GAAP
YoY +1.6% -15.5% -22.9% -24.8% -24.9%

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 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 28,534 5,825 5,754 3,887 166.7 54 Nov 11, 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 30,533 7,309 7,631 5,611 240.8 99 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,466 7,175 7,246 5,113 219.1 71 Nov 11, 2024 J-GAAP
YoY +9.6% -1.8% -5.0% -8.9% -9.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 48,702 13,842 14,136 10,428 443.0 133 May 12, 2023 J-GAAP
Mar, 2024 58,605 14,206 15,098 10,780 462.6 159 May 13, 2024 J-GAAP
Mar, 2025 Guidance 62,000 13,000 13,000 9,000 385.7 125 May 13, 2024 J-GAAP
YoY +5.8% -8.5% -13.9% -16.5% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,340 3,822 3,892 2,621 112.5 24.9 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 14,709 3,707 3,751 2,535 108.8 25.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 15,824 3,602 3,880 3,076 132.0 22.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 13,096 2,496 2,924 1,962 84.2 19.1 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 15,438 3,329 2,830 1,925 82.6 21.6 Nov 11, 2024 J-GAAP
YoY +0.6% -12.9% -27.3% -26.6% -26.6%

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