PIA CORPORATION, First Half Ordinary Profit Increases by 14%, July-September Ordinary Profit Increases by 16 times

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Thu Nov 14, 2024 1:00 pm JST Earnings

4337 PIA CORPORATION 【J-GAAP】

Earnings Report

PIA CORPORATION <4337> [TSE-P] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.9% from the same period last year, reaching 1.08 billion yen. The progress rate against the 1.3 billion yen full-year plan was 83.1%, also surpassing the five-year average of 77.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 220 million yen (compared to a loss of 26 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 16 times that of the same period last year, reaching 431 million yen. The operating profit margin significantly improved from 0.7% in the same period last year to 5.2%.

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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	15,600	440	390	1,029	67.5	65.0	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	19,665	980	948	896	58.7	102.8	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	21,189	1,228	1,080	654	42.8	83.1	Nov 14, 2024	J-GAAP
YoY	+7.7%	+25.3%	+13.9%	-27.0%	-27.0%

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	ー	ー	ー	ー	－	－	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	21,189	1,228	1,080	654	42.8	0	Nov 14, 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	19,922	229	-26	222	14.5	0	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,811	172	220	146	9.5	－	Nov 14, 2024	J-GAAP
YoY	-5.6%	-24.9%	－	-34.2%	-34.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,763	820	600	1,415	92.8	0	May 11, 2023	J-GAAP
Mar, 2024	39,587	1,209	922	1,118	73.2	0	May 9, 2024	J-GAAP
Mar, 2025 Guidance	40,000	1,400	1,300	800	52.3	－	May 9, 2024	J-GAAP
YoY	+1.0%	+15.8%	+41.0%	-28.4%	-28.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,790	70	27	1	0.1	0.7	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	9,064	6	-8	-186	-12.2	0.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	10,858	223	-18	408	26.7	2.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	10,270	665	649	606	39.7	6.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	10,919	563	431	48	3.1	5.2	Nov 14, 2024	J-GAAP
YoY	+11.5%	+704.3%	+1,496.3%	+4,700.0%	+4,385.7%