PORT INC., The Current Fiscal Year Net Income Revised Upward by 6%, Adds to Record High Profit Forecast

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Wed Nov 13, 2024 3:30 pm JST Earnings

7047 PORT INC. 【IFRS】

Earnings Report

PORT INC. <7047> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.3% from the same period last year, reaching 960 million yen.

In addition, the full-year consolidated net income has been revised upward by 6.2%, from the previous forecast of 1.85 billion yen to 1.96 billion yen (compared to 1.45 billion yen in the previous period), increasing the growth rate from 27.1% to 35.0%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 52.7% from the same period last year, reaching 1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 389 million yen, a 27.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 21.8% in the same period last year to 12.1%.

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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	5,266	792	777	534	48.0	46.9	Nov 14, 2022	IFRS
Apr - Sep, 2023	6,979	1,262	1,231	798	68.9	52.8	Nov 13, 2023	IFRS
Apr - Sep, 2024	9,917	1,567	1,539	960	72.7	50.0	Nov 13, 2024	IFRS
YoY	+42.1%	+24.2%	+25.0%	+20.3%	+5.5%

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	－	0	May 13, 2024	IFRS
Apr - Sep, 2024 Results	9,917	1,567	1,539	960	72.7	0	Nov 13, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	21,100	2,900	2,830	1,850	139.7	2.50	May 13, 2024	IFRS
Mar, 2025 New	21,100	3,150	3,080	1,965	148.4	2.50	Nov 13, 2024	IFRS
Revision Rate	0.0%	+8.6%	+8.8%	+6.2%	+6.2%

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	9,643	1,141	1,100	658	53.4	2	May 13, 2024	IFRS
Oct - Mar, 2024 Guidance	11,183	1,583	1,541	1,005	75.9	2.50	Nov 13, 2024	IFRS
YoY	+16.0%	+38.7%	+40.1%	+52.7%	+42.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,364	1,699	1,658	1,074	96.6	0	May 12, 2023	IFRS
Mar, 2024	16,622	2,403	2,331	1,456	118.2	2	May 13, 2024	IFRS
Mar, 2025 Guidance	21,100	3,150	3,080	1,965	148.4	2.50	Nov 13, 2024	IFRS
YoY	+26.9%	+31.1%	+32.1%	+35.0%	+25.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,679	801	783	534	46.1	21.8	Nov 13, 2023	IFRS
Oct - Dec, 2023	4,412	510	483	182	15.1	11.6	Feb 13, 2024	IFRS
Jan - Mar, 2024	5,231	631	617	476	38.7	12.1	May 13, 2024	IFRS
Apr - Jun, 2024	4,758	945	930	571	43.3	19.9	Aug 13, 2024	IFRS
Jul - Sep, 2024	5,159	622	609	389	29.5	12.1	Nov 13, 2024	IFRS
YoY	+40.2%	-22.3%	-22.2%	-27.2%	-36.1%