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People Co., Ltd., The Current Fiscal Year's Undisclosed Net Income Turns to Loss

Mon Dec 2, 2024 4:30 pm JST Earnings

7865 People Co., Ltd. 【J-GAAP】

Earnings Report

People Co., Ltd. <7865> [TSE Std] announced its financial results after the market closed on December 2nd (16:30). The net income/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) turned into a loss of 120 million yen (compared to a profit of 287 million yen in the same period last year).

In addition, the full-year forecast, which was not disclosed, indicated that net income/loss will turn into a deficit of loss of 132 million yen (compared to a profit of 313 million yen in the previous period).

Based on the third-quarter cumulative performance announced by the company and the full-year plan, our calculation indicates that the net income/loss for the November to January period (4Q) is expected to turn into a loss of 12 million yen (compared to a profit of 26 million yen in the same period last year).

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from August to October (3Q), the net income significantly dropped to 30 million yen, a 86.4% decrease compared to the same period last year. The operating profit margin sharply declined from 15.2% in the same period last year to 6.3%.

Kabutan News

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
Feb - Oct, 2022 6,303 606 596 413 94.5 116.2 Dec 1, 2022 J-GAAP
Feb - Oct, 2023 4,392 393 411 287 65.5 91.5 Dec 1, 2023 J-GAAP
Feb - Oct, 2024 1,244 -114 -112 -120 -27.5 ー Dec 2, 2024 J-GAAP
YoY -71.7% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Prev ー ー ー ー － － Mar 1, 2024 J-GAAP
Aug - Jan, 2024 New 1,138 22 21 18 4.1 － Dec 2, 2024 J-GAAP
Revision Rate － － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev ー ー ー ー － － Mar 1, 2024 J-GAAP
Jan, 2025 New 1,856 -125 -123 -132 -30.2 － Dec 2, 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
Aug - Jan, 2023 2,959 341 352 246 56.2 48 Mar 1, 2024 J-GAAP
Aug - Jan, 2024 Guidance 1,138 22 21 18 4.1 － Dec 2, 2024 J-GAAP
YoY -61.5% -93.5% -94.0% -92.7% -92.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 7,444 518 513 356 81.3 58 Mar 3, 2023 J-GAAP
Jan, 2024 5,353 431 449 313 71.5 48 Mar 1, 2024 J-GAAP
Jan, 2025 Guidance 1,856 -125 -123 -132 -30.2 － Dec 2, 2024 J-GAAP
YoY -65.3% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 1,998 303 314 220 50.2 15.2 Dec 1, 2023 J-GAAP
Nov - Jan, 2023 961 38 38 26 5.9 4.0 Mar 1, 2024 J-GAAP
Feb - Apr, 2024 380 -50 -50 -59 -13.4 -13.2 Jun 3, 2024 J-GAAP
May - Jul, 2024 338 -97 -94 -91 -20.9 -28.7 Aug 30, 2024 J-GAAP
Aug - Oct, 2024 526 33 32 30 6.9 6.3 Dec 2, 2024 J-GAAP
YoY -73.7% -89.1% -89.8% -86.4% -86.3%

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