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ProjectHoldings, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Thu Nov 14, 2024 4:00 pm JST Earnings

9246 ProjectHoldings, Inc. 【J-GAAP】

Earnings Report

ProjectHoldings, Inc. <9246> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 239 million yen (compared to a profit of 657 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 89.4% from the same period last year to 19 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 56 million yen (compared to a profit of 235 million yen in the same period last year). The operating profit/loss margin drastically worsened from 15.4% in the same period last year to -4.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 2,976 691 685 460 81.3 72.3 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 4,723 665 657 402 69.6 79.0 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 3,923 -201 -239 -17 -3.2 Nov 14, 2024 J-GAAP
YoY -16.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 3,154 433 410 344 59.8 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,061 -39 -37 84 15.5 0 Sep 17, 2024 J-GAAP
YoY -2.9% -75.6% -74.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,352 958 948 676 119.2 0 Feb 14, 2023 J-GAAP
Dec, 2023 6,283 853 832 588 102.2 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 5,750 -190 -220 20 3.7 0 Sep 17, 2024 J-GAAP
YoY -8.5% -96.6% -96.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,594 245 235 158 27.4 15.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,560 188 175 186 32.3 12.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,439 -24 -29 -23 -4.5 -1.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,250 -127 -154 -41 -7.6 -10.2 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,234 -50 -56 47 8.7 -4.1 Nov 14, 2024 J-GAAP
YoY -22.6% -70.3% -68.1%

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