Pasona Group, The Current Fiscal Year Net Income Revised Downward to a Loss

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Tue Jan 14, 2025 3:45 pm JST Earnings

2168 Pasona Group Inc. 【J-GAAP】

Earnings Report

Pasona Group Inc. <2168> [TSE Prime] announced its financial results after the market closed on January 14th (15:45). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a loss of 3.76 billion yen (compared to a profit of 0.14 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 1.3 billion yen to a loss of 4.3 billion yen (compared to a profit of 95.8 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the December to May period (2H) is expected to turn into a loss of 0.53 billion yen (compared to a profit of 95.7 billion yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated net loss expanded to a loss of 2.56 billion yen (compared to a loss of 0.04 billion yen in the same period last year). The operating profit margin worsened from 2.0% in the same period last year to 0.6%.

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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
Jun - Nov, 2022	183,973	6,733	7,431	2,734	69.8	48.4	Jan 13, 2023	J-GAAP
Jun - Nov, 2023	179,316	3,980	3,987	145	3.7	55.7	Jan 12, 2024	J-GAAP
Jun - Nov, 2024	153,934	44	189	-3,762	-96.0	9.5	Jan 14, 2025	J-GAAP
YoY	-14.2%	-98.9%	-95.3%	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	0	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 Results	153,934	44	189	-3,762	-96.0	0	Jan 14, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	330,000	5,000	5,000	1,300	33.8	75	Jul 12, 2024	J-GAAP
May, 2025 New	320,000	1,700	2,000	-4,300	-111.7	75	Jan 14, 2025	J-GAAP
Revision Rate	-3.0%	-66.0%	-60.0%	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	177,417	2,814	3,165	95,746	2,443.9	75	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	166,066	1,656	1,811	-538	-14.0	75	Jan 14, 2025	J-GAAP
YoY	-6.4%	-41.2%	-42.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	372,579	14,377	15,366	6,099	155.7	35	Jul 14, 2023	J-GAAP
May, 2024	356,733	6,794	7,152	95,891	2,447.6	75	Jul 12, 2024	J-GAAP
May, 2025 Guidance	320,000	1,700	2,000	-4,300	-111.7	75	Jan 14, 2025	J-GAAP
YoY	-10.3%	-75.0%	-72.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	89,435	1,752	1,790	-42	-1.1	2.0	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	86,242	694	635	-898	-22.9	0.8	Apr 12, 2024	J-GAAP
Mar - May, 2024	91,175	2,120	2,530	96,644	2,466.8	2.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	76,323	-436	-479	-1,194	-30.5	-0.6	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	77,611	480	668	-2,568	-65.5	0.6	Jan 14, 2025	J-GAAP
YoY	-13.2%	-72.6%	-62.7%	-6,014.3%	-5,968.5%