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PROTO, First Half Ordinary Profit Decreases by 17%, Jul-Sep Ordinary Profit Decreases by 21%

Fri Dec 20, 2024 1:00 pm JST Earnings

4298 PROTO CORPORATION 【J-GAAP】

Earnings Report

PROTO CORPORATION <4298> [TSE Prime] announced its financial results in the afternoon session on December 20th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased 16.6% from the same period last year to 3.5 billion yen. The progress rate toward the full-year plan of 8.22 billion yen was 42.6%, also falling below the five-year average of 50.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 11.8% from the same period last year, reaching 4.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.18 billion yen, a 21.4% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.5% in the same period last year to 5.6%.

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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 49,686 3,539 3,560 2,309 59.7 53.3 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 54,419 3,674 4,207 2,751 68.4 49.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 57,218 3,818 3,508 2,115 52.5 42.6 Dec 20, 2024 J-GAAP
YoY +5.1% +3.9% -16.6% -23.1% -23.2%

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 55,546 3,393 3,377 2,295 56.9 25 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 57,218 3,818 3,508 2,115 52.5 25 Dec 20, 2024 J-GAAP
Revision Rate +3.0% +12.5% +3.9% -7.8% -7.7%

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 61,212 4,220 4,220 2,801 69.6 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 59,960 4,420 4,719 3,456 85.7 25 Dec 20, 2024 J-GAAP
YoY -2.0% +4.7% +11.8% +23.4% +23.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 105,317 7,114 6,683 4,189 104.2 35 May 12, 2023 J-GAAP
Mar, 2024 115,631 7,894 8,427 5,552 138.0 42.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 117,178 8,238 8,227 5,571 138.2 50 May 10, 2024 J-GAAP
YoY +1.3% +4.4% -2.4% +0.3% +0.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,263 1,491 1,507 986 24.5 5.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 32,246 2,531 2,458 1,681 42.9 7.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 28,966 1,689 1,762 1,120 27.8 5.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 29,690 2,241 2,286 1,569 39.0 7.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 27,528 1,577 1,222 546 13.6 5.7 Dec 20, 2024 J-GAAP
YoY +1.0% +5.8% -18.9% -44.6% -44.7%

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