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PUNCH INDUSTRY CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 29%, Dividend Revised down by 0.13 yen

Tue Nov 12, 2024 4:00 pm JST Earnings

6165 PUNCH INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

PUNCH INDUSTRY CO.,LTD. <6165> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 25.0% from the same period last year to 606 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 28.6%, from the previous forecast of 2.1 billion yen to 1.5 billion yen (compared to 1.42 billion yen in the previous period), leading to a reduction in the profit growth rate from 47.8% to 5.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 45.8% from the same period last year, reaching 894 million yen.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 19.61 yen to 19.48 yen (compared to 19.4 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 248 million yen, a 47.2% decrease compared to the same period last year. The operating profit margin worsened from 4.4% in the same period last year to 3.8%.

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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 21,665 1,537 1,524 905 40.6 63.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 19,120 521 808 -950 -38.9 56.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 19,989 692 606 212 8.7 40.4 Nov 12, 2024 J-GAAP
YoY +4.5% +32.8% -25.0% － －

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 18,800 700 680 250 10.2 9.80 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 19,989 692 606 212 8.7 9.80 Nov 12, 2024 J-GAAP
Revision Rate +6.3% -1.1% -10.9% -15.2% -15.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 38,500 2,150 2,100 1,200 43.6 19.61 May 14, 2024 J-GAAP
Mar, 2025 New 40,800 1,600 1,500 800 29.1 19.48 Nov 12, 2024 J-GAAP
Revision Rate +6.0% -25.6% -28.6% -33.3% -33.3%

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 19,224 719 613 373 15.3 9.40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,811 908 894 588 21.4 9.68 Nov 12, 2024 J-GAAP
YoY +8.3% +26.3% +45.8% +57.6% +40.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,799 2,436 2,394 1,390 60.6 19.50 May 12, 2023 J-GAAP
Mar, 2024 38,344 1,240 1,421 -577 -23.6 19.40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 40,800 1,600 1,500 800 29.1 19.48 Nov 12, 2024 J-GAAP
YoY +6.4% +29.0% +5.6% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,678 423 470 -1,069 -43.7 4.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 9,579 413 356 157 6.4 4.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,645 306 257 216 8.8 3.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,660 303 358 143 5.9 3.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,329 389 248 69 2.8 3.8 Nov 12, 2024 J-GAAP
YoY +6.7% -8.0% -47.2% － －

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