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PORTERS CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 20%, July-September Ordinary Profit Decreases by 24%

Tue Nov 12, 2024 3:30 pm JST Earnings

5126 PORTERS CORPORATION 【J-GAAP】

Earnings Report

PORTERS CORPORATION <5126> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 20.5% from the previous period non-consolidated to 256 million yen. The progress rate against the 382 million yen full-year plan was 67.0%, also falling below the same period of the previous year of 85.2%.

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 surge by 2.3 times that of the same period last year, reaching 126 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 84 million yen, a 23.6% decrease compared to the same period last year. The operating profit margin decreased from 26.8% in the same period last year to 20.1%.

Kabutan News

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 937 263 256 168 112.0 78.5 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 1,160 318 322 217 138.3 85.2 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 1,411 268 256 184 116.0 67.0 Nov 12, 2024 J-GAAP
YoY +21.6% -15.7% -20.5% -15.2% -16.2%

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 833 168 166 124 79.1 0 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 915 210 210 151 94.6 0 Aug 13, 2024 J-GAAP
YoY +9.8% +25.0% +26.5% +21.8% +19.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,290 338 326 222 146.4 0 Feb 10, 2023 J-GAAP
Dec, 2023 1,587 377 378 267 170.4 0 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 1,849 382 382 273 171.0 0 Feb 9, 2024 J-GAAP
YoY +16.5% +1.3% +1.1% +2.2% +0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 406 109 110 74 47.2 26.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 427 59 56 50 31.9 13.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 457 95 97 68 43.0 20.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 477 77 75 54 34.1 16.1 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 477 96 84 62 39.1 20.1 Nov 12, 2024 J-GAAP
YoY +17.5% -11.9% -23.6% -16.2% -17.2%

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