Petgo, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 20%, Exceeds Full-Year Plan

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Wed Feb 12, 2025 3:30 pm JST Earnings

7140 Petgo Corporation 【J-GAAP】

Earnings Report

Petgo Corporation <7140> [TSE Growth] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.9% from the same period last year, reaching 259 million yen. The progress rate toward the full-year plan of 156 million yen is 166.0%, already exceeding the target and also exceeding the three-year average of 95.2%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 103 million yen (compared to a profit of 25 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 9.2 times that of the same period last year, reaching 175 million yen. The operating profit margin drastically improved from 0.8% in the same period last year to 7.2%.

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	7,640	290	286	194	110.1	124.3	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	7,572	221	216	149	81.0	89.6	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	7,035	270	259	173	92.7	166.0	Feb 12, 2025	J-GAAP
YoY	-7.1%	+22.2%	+19.9%	+16.1%	+14.5%

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	4,853	47	44	34	18.4	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,395	68	72	49	26.8	0	Nov 14, 2024	J-GAAP
YoY	-9.4%	+44.7%	+63.6%	+44.1%	+45.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,025	236	230	153	85.8	0	May 15, 2023	J-GAAP
Mar, 2024	9,905	247	241	172	93.1	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	8,931	158	156	102	55.8	0	Nov 14, 2024	J-GAAP
YoY	-9.8%	-36.0%	-35.3%	-40.7%	-40.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,520	21	19	11	6.0	0.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	2,333	26	25	23	12.5	1.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,266	32	30	20	11.1	1.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,270	58	54	33	17.8	2.6	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	2,499	180	175	120	64.3	7.2	Feb 12, 2025	J-GAAP
YoY	-0.8%	+757.1%	+821.1%	+990.9%	+975.4%