PERSOL HOLDINGS CO.,LTD., The Current Fiscal Year Net Income Revised Upward by 9%, Exceeded record profit forecast

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Mon Nov 11, 2024 3:30 pm JST Earnings

2181 PERSOL HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

PERSOL HOLDINGS CO.,LTD. <2181> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 11th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.5% from the same period last year, reaching 21.3 billion yen, resulting in an increase in profits compared to the previous forecast of a 9.4% decrease.

In addition, the full-year consolidated net income has been revised upward by 9.0%, from the previous forecast of 33.5 billion yen to 36.5 billion yen (compared to 29.9 billion yen in the previous period), increasing the growth rate from 11.8% to 21.8%. The company has further increased its previous forecast of record profits for the first time in three years.

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 grow by 14.5% from the same period last year, reaching 15.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 13.9% from the same period last year, reaching 8.42 billion yen. The operating profit margin improved from 3.6% in the same period last year to 4.2%.

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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	607,256	34,092	33,992	22,025	9.6	82.4	Nov 11, 2022	IFRS
Apr - Sep, 2023	654,887	26,379	25,982	16,768	7.4	53.1	Nov 10, 2023	IFRS
Apr - Sep, 2024	717,586	32,102	32,015	21,381	9.6	57.9	Nov 11, 2024	IFRS
YoY	+9.6%	+21.7%	+23.2%	+27.5%	+29.0%

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	696,000	24,400	24,000	15,200	6.9	4.50	May 13, 2024	IFRS
Apr - Sep, 2024 Results	717,586	32,102	32,015	21,381	9.6	4.50	Nov 11, 2024	IFRS
Revision Rate	+3.1%	+31.6%	+33.4%	+40.7%	+39.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,423,000	53,500	52,700	33,500	15.1	9	May 13, 2024	IFRS
Mar, 2025 New	1,455,000	56,000	55,300	36,500	16.5	9	Nov 11, 2024	IFRS
Revision Rate	+2.2%	+4.7%	+4.9%	+9.0%	+8.9%

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	672,236	25,686	22,944	13,203	5.8	4.30	May 13, 2024	IFRS
Oct - Mar, 2024 Guidance	737,414	23,898	23,285	15,119	6.8	4.50	Nov 11, 2024	IFRS
YoY	+9.7%	-7.0%	+1.5%	+14.5%	+17.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,242,611	42,754	41,249	22,761	9.9	6.10	May 15, 2023	IFRS
Mar, 2024	1,327,123	52,065	48,926	29,971	13.2	8.60	May 13, 2024	IFRS
Mar, 2025 Guidance	1,455,000	56,000	55,300	36,500	16.5	9	Nov 11, 2024	IFRS
YoY	+9.6%	+7.6%	+13.0%	+21.8%	+24.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	326,184	11,704	11,365	7,399	3.3	3.6	Nov 10, 2023	IFRS
Oct - Dec, 2023	335,740	14,542	14,340	8,441	3.7	4.3	Feb 14, 2024	IFRS
Jan - Mar, 2024	336,496	11,144	8,604	4,762	2.1	3.3	May 13, 2024	IFRS
Apr - Jun, 2024	360,814	16,966	17,232	12,952	5.7	4.7	Aug 8, 2024	IFRS
Jul - Sep, 2024	356,772	15,136	14,783	8,429	3.8	4.2	Nov 11, 2024	IFRS
YoY	+9.4%	+29.3%	+30.1%	+13.9%	+15.3%