PROTO, Oct-Dec (3Q) Ordinary Profit Increases by 41%, Second Half Dividend Postponed

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Tue Feb 4, 2025 3:30 pm JST Earnings

4298 PROTO CORPORATION 【J-GAAP】

Earnings Report

PROTO CORPORATION <4298> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 4.5% from the same period last year, reaching 6.96 billion yen. The progress rate toward the full-year plan of 8.22 billion yen was 84.7%, also surpassing the five-year average of 80.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 28.4% from the same period last year to 1.26 billion yen.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the the second half of 25 yen for the current fiscal year.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 40.7% from the same period last year, reaching 3.45 billion yen. The operating profit margin improved from 7.8% in the same period last year to 8.9%.

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
Apr - Dec, 2022	79,133	5,823	5,181	3,324	86.8	77.5	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	86,665	6,205	6,665	4,432	113.1	79.1	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	91,235	6,829	6,966	4,236	105.1	84.7	Feb 4, 2025	J-GAAP
YoY	+5.3%	+10.1%	+4.5%	-4.4%	-7.1%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	59,960	4,420	4,719	3,456	85.7	25	Dec 20, 2024	J-GAAP
Oct - Mar, 2024 New	59,960	4,420	4,719	3,456	85.7	0	Feb 4, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	117,178	8,238	8,227	5,571	138.2	50	May 10, 2024	J-GAAP
Mar, 2025 New	117,178	8,238	8,227	5,571	138.2	25	Feb 4, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	0	Feb 4, 2025	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	25	Feb 4, 2025	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
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
Oct - Dec, 2024	34,017	3,011	3,458	2,121	52.6	8.9	Feb 4, 2025	J-GAAP
YoY	+5.5%	+19.0%	+40.7%	+26.2%	+22.7%