PHC Holdings Corporation, First Half Net Income Turns to Profit, July-September Net Income Increases by 9.8 times

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Wed Nov 13, 2024 3:30 pm JST Earnings

6523 PHC Holdings Corporation 【IFRS】

Earnings Report

PHC Holdings Corporation <6523> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 4.1 billion yen (compared to a loss of 2.45 billion yen in the same period last year). The progress rate against the 10.3 billion yen full-year plan was 39.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 6.2 billion yen (compared to a loss of 10.4 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 9.8 times that of the same period last year, reaching 7.27 billion yen. The operating profit margin drastically improved from 2.9% in the same period last year to 8.1%.

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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	170,584	10,540	3,395	1,195	9.6	1,896.6	Nov 9, 2022	IFRS
Apr - Sep, 2023	166,819	4,182	-3,030	-2,457	-19.6	ー	Nov 10, 2023	IFRS
Apr - Sep, 2024	173,863	9,212	7,411	4,100	32.5	53.3	Nov 13, 2024	IFRS
YoY	+4.2%	+120.3%	－	－	－

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	ー	ー	ー	ー	－	21	May 10, 2024	IFRS
Apr - Sep, 2024 Results	173,863	9,212	7,411	4,100	32.5	21	Nov 13, 2024	IFRS
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	187,081	-2,616	-10,219	-10,436	-83.0	18	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	186,137	9,888	6,489	6,200	49.2	21	Nov 13, 2024	IFRS
YoY	-0.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	356,434	20,000	179	-3,222	-25.8	72	May 10, 2023	IFRS
Mar, 2024	353,900	1,566	-13,249	-12,893	-102.5	54	May 10, 2024	IFRS
Mar, 2025 Guidance	360,000	19,100	13,900	10,300	81.7	42	May 10, 2024	IFRS
YoY	+1.7%	+1,119.7%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	85,494	2,470	558	743	5.9	2.9	Nov 10, 2023	IFRS
Oct - Dec, 2023	89,864	-9,310	-10,748	-8,697	-69.2	-10.4	Feb 9, 2024	IFRS
Jan - Mar, 2024	97,217	6,694	529	-1,739	-13.8	6.9	May 10, 2024	IFRS
Apr - Jun, 2024	85,187	2,027	-2,762	-3,173	-25.2	2.4	Aug 8, 2024	IFRS
Jul - Sep, 2024	88,676	7,185	10,173	7,273	57.7	8.1	Nov 13, 2024	IFRS
YoY	+3.7%	+190.9%	+1,723.1%	+878.9%	+876.1%