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Procrea Holdings,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 91%

Thu Nov 14, 2024 3:30 pm JST Earnings

7384 Procrea Holdings,Inc. 【J-GAAP】

Earnings Report

Procrea Holdings,Inc. <7384> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.8 times that of the same period last year, reaching 5.05 billion yen, exceeded the previous forecast of 2.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 90.9%, from the previous forecast of 1.1 billion yen to 2.1 billion yen (compared to 4.09 billion yen in the previous period), and the declining rate is expected to decrease from 73.1% to 48.7%.

Based on the first-half performance announced by the company and the 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 loss of 2.95 billion yen (compared to a profit of 2.29 billion 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 2.7 times that of the same period last year, reaching 1.88 billion yen.

Kabutan News

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 40,461 4,949 51,355 1,799.0 96.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 34,233 1,800 1,637 57.7 44.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 38,208 5,053 3,722 131.0 240.6 Nov 14, 2024 J-GAAP
YoY +11.6% +180.7% +127.4% +127.2%

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 2,700 2,000 70.4 25 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 38,208 5,053 3,722 131.0 25 Nov 14, 2024 J-GAAP
Revision Rate +87.1% +86.1% +86.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 1,100 300 10.6 50 May 14, 2024 J-GAAP
Mar, 2025 New 2,100 800 28.2 50 Nov 14, 2024 J-GAAP
Revision Rate +90.9% +166.7% +166.7%

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 42,614 2,294 1,180 41.6 25 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance -2,953 -2,922 -102.9 25 Nov 14, 2024 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 77,620 5,106 48,957 1,713.7 50 May 12, 2023 J-GAAP
Mar, 2024 76,847 4,094 2,817 99.2 50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 2,100 800 28.2 50 Nov 14, 2024 J-GAAP
YoY -48.7% -71.6% -71.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,278 712 685 24.1 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 20,389 2,078 1,476 52.0 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 22,225 216 -296 -10.4 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 19,868 3,165 2,334 82.2 0.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 18,340 1,888 1,388 48.9 0.0 Nov 14, 2024 J-GAAP
YoY +6.1% +165.2% +102.6% +102.5%

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