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

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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%.

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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
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%