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Polaris Holdings Co., Ltd., First Half Ordinary Profit Decreases by 56%, July-September Ordinary Profit Decreases by 69%

Wed Nov 13, 2024 4:00 pm JST Earnings

3010 Polaris Holdings Co., Ltd. 【J-GAAP】

Earnings Report

Polaris Holdings Co., Ltd. <3010> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 55.9% from the same period last year to 962 million yen. The progress rate against the 1.31 billion yen full-year plan was 73.2%, below the same period of the previous year of 83.6%.

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 decrease by 17.7% from the same period last year to 353 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 675 million yen, a 69.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 21.4% in the same period last year to 14.4%.

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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 3,114 31 -60 -107 -1.1 ー Nov 10, 2022 J-GAAP
Apr - Sep, 2023 14,120 2,624 2,180 2,555 21.0 83.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 10,321 1,245 962 890 7.1 73.2 Nov 13, 2024 J-GAAP
YoY -26.9% -52.6% -55.9% -65.2% -66.4%

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 14, 2024 J-GAAP
Apr - Sep, 2024 Results 10,321 1,245 962 890 7.1 0 Nov 13, 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 8,425 758 429 742 6.0 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,757 646 353 583 2.5 3 Nov 13, 2024 J-GAAP
YoY +15.8% -14.8% -17.7% -21.4% -58.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,018 3 -215 534 5.0 0 May 15, 2023 J-GAAP
Mar, 2024 22,545 3,382 2,609 3,297 26.9 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 20,078 1,891 1,315 1,473 6.3 3 May 14, 2024 J-GAAP
YoY -10.9% -44.1% -49.6% -55.3% -76.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,380 2,441 2,184 2,588 21.3 21.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 4,117 394 204 281 2.3 9.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 4,308 364 225 461 3.8 8.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,752 442 287 257 2.1 9.3 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 5,569 803 675 633 5.0 14.4 Nov 13, 2024 J-GAAP
YoY -51.1% -67.1% -69.1% -75.5% -76.4%

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