PATH corporation, First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

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Thu Nov 14, 2024 4:00 pm JST Earnings

3840 PATH corporation 【J-GAAP】

Earnings Report

PATH corporation <3840> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 77 million yen (compared to a loss of 113 million yen in the same period last year).

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 43 million yen (compared to a loss of 55 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 32 million yen (compared to a loss of 62 million yen in the same period last year). The operating profit/loss margin drastically improved from -11.6% 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	1,006	-90	-101	-102	-2.3	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	1,105	-115	-113	-104	-2.0	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,123	-84	-77	-81	-1.4	ー	Nov 14, 2024	J-GAAP
YoY	+1.6%	+27.0%	+31.9%	+22.1%	+31.0%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,123	-84	-77	-81	-1.4	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	1,215	-57	-55	-71	-1.3	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,859	46	43	46	0.7	0	Nov 14, 2024	J-GAAP
YoY	+53.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,991	-220	-224	-256	-5.5	0	May 15, 2023	J-GAAP
Mar, 2024	2,320	-172	-168	-175	-3.3	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	2,982	-38	-34	-35	-0.5	0	May 15, 2024	J-GAAP
YoY	+28.5%	+77.9%	+79.8%	+80.0%	+84.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	542	-63	-62	-65	-1.3	-11.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	666	-12	-10	-22	-0.4	-1.8	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	549	-45	-45	-49	-0.9	-8.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	490	-51	-45	-47	-0.8	-10.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	633	-33	-32	-34	-0.6	-5.2	Nov 14, 2024	J-GAAP
YoY	+16.8%	+47.6%	+48.4%	+47.7%	+53.6%