PIXTA Inc., July-September (3Q) Ordinary Profit Increases by 4.3 times, Current Fiscal Year Dividend Revised to 45 yen

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Mon Nov 11, 2024 4:00 pm JST Earnings

3416 PIXTA Inc. 【J-GAAP】

Earnings Report

PIXTA Inc. <3416> [TSE-G] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 2.2 times that of the same period last year, reaching 456 million yen. The progress rate against the 482 million yen full-year plan was 94.6%, also surpassing the five-year average of 74.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 71.1% from the same period last year to 26 million yen.

At the same time, the company, which had previously planned no dividend for the current fiscal year, has decided to implement a year-end lump-sum dividend of 45 yen (compared to no dividend in the prior term).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 4.3 times that of the same period last year, reaching 298 million yen. The operating profit margin jumped from 10.5% in the same period last year to 32.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	2,037	99	111	70	31.9	59.4	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	1,921	210	212	194	91.5	70.2	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	2,201	462	456	317	167.4	94.6	Nov 11, 2024	J-GAAP
YoY	+14.6%	+120.0%	+115.1%	+63.4%	+83.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	1,571	341	324	225	128.4	0	Sep 20, 2024	J-GAAP
Jul - Dec, 2024 New	1,571	341	324	225	128.4	45	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	2,829	500	482	336	191.8	0	Sep 20, 2024	J-GAAP
Dec, 2024 New	2,829	500	482	336	191.8	45	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,331	191	159	100	48.0	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,571	341	324	225	128.4	45	Nov 11, 2024	J-GAAP
YoY	+18.0%	+78.5%	+103.8%	+125.0%	+167.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,787	178	187	121	55.1	0	Feb 14, 2023	J-GAAP
Dec, 2023	2,621	335	302	261	125.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	2,829	500	482	336	191.8	45	Nov 11, 2024	J-GAAP
YoY	+7.9%	+49.3%	+59.6%	+28.7%	+53.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	631	66	69	33	15.6	10.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	700	125	90	67	32.2	17.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	652	93	94	66	34.2	14.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	606	66	64	45	23.5	10.9	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	943	303	298	206	108.8	32.1	Nov 11, 2024	J-GAAP
YoY	+49.4%	+359.1%	+331.9%	+524.2%	+599.1%