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PACIFIC SYSTEMS CORPORATION, First Half Ordinary Profit Increases by 19%, July-September Ordinary Profit Increases by 35%

Tue Nov 12, 2024 3:30 pm JST Earnings

3847 PACIFIC SYSTEMS CORPORATION 【J-GAAP】

Earnings Report

PACIFIC SYSTEMS CORPORATION <3847> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.8% from the same period last year, reaching 328 million yen. The progress rate against the 686 million yen full-year plan was 47.8%, exceeding the five-year average of 30.0%.

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 drop by 39.3% from the same period last year to 358 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 34.5% from the same period last year, reaching 269 million yen. The operating profit margin improved from 8.3% in the same period last year to 10.4%.

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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 4,351 105 106 69 47.0 18.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,668 270 276 179 121.6 31.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 4,961 317 328 222 150.5 47.8 Nov 12, 2024 J-GAAP
YoY +6.3% +17.4% +18.8% +24.0% +23.8%

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 67 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 4,961 317 328 222 150.5 67 Nov 12, 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 6,257 582 590 401 271.1 68 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,487 357 358 250 169.0 67 Nov 12, 2024 J-GAAP
YoY -12.3% -38.7% -39.3% -37.7% -37.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,605 573 583 336 227.2 132 May 12, 2023 J-GAAP
Mar, 2024 10,925 852 866 580 392.0 134 May 14, 2024 J-GAAP
Mar, 2025 Guidance 10,448 674 686 472 319.0 134 May 14, 2024 J-GAAP
YoY -4.4% -20.9% -20.8% -18.6% -18.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,380 197 200 132 89.7 8.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,842 267 270 182 123.2 9.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,415 315 320 219 148.0 9.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,438 54 59 38 25.8 2.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,523 263 269 184 124.8 10.4 Nov 12, 2024 J-GAAP
YoY +6.0% +33.5% +34.5% +39.4% +39.1%

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