PIA, The Current Fiscal Year Ordinary Profit Revised Upward by 15%

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Thu Feb 13, 2025 1:00 pm JST Earnings

4337 PIA CORPORATION 【J-GAAP】

Earnings Report

PIA CORPORATION <4337> [TSE Prime] announced its financial results in the afternoon session on February 13th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.4 billion yen, an increase 49.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 15.4%, from the previous forecast of 1.3 billion yen to 1.5 billion yen (compared to 0.92 billion yen in the previous period), increasing the growth rate from 41.0% to 62.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 90.9%, from the previous forecast of 0.22 billion yen to 0.42 billion yen (compared to a loss of 0.02 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 0.32 billion yen (compared to a loss of 0 billion yen in the same period last year). The operating profit margin significantly improved from 0.1% in the same period last year to 3.4%.

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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
Apr - Dec, 2022	23,991	452	329	940	61.7	54.8	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	28,729	986	940	710	46.6	102.0	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	31,926	1,589	1,402	963	63.0	93.5	Feb 13, 2025	J-GAAP
YoY	+11.1%	+61.2%	+49.1%	+35.6%	+35.3%

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	18,811	172	220	146	9.5	－	Nov 14, 2024	J-GAAP
Oct - Mar, 2024 New	19,811	472	420	246	16.1	－	Feb 13, 2025	J-GAAP
Revision Rate	+5.3%	+174.4%	+90.9%	+68.5%	+68.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	40,000	1,400	1,300	800	52.2	－	May 9, 2024	J-GAAP
Mar, 2025 New	41,000	1,700	1,500	900	58.8	－	Feb 13, 2025	J-GAAP
Revision Rate	+2.5%	+21.4%	+15.4%	+12.5%	+12.5%

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	19,922	229	-26	222	14.5	0	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,811	472	420	246	16.1	－	Feb 13, 2025	J-GAAP
YoY	-0.6%	+106.1%	－	+10.8%	+10.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,763	820	600	1,415	92.8	0	May 11, 2023	J-GAAP
Mar, 2024	39,587	1,209	922	1,118	73.2	0	May 9, 2024	J-GAAP
Mar, 2025 Guidance	41,000	1,700	1,500	900	58.8	－	Feb 13, 2025	J-GAAP
YoY	+3.6%	+40.6%	+62.7%	-19.5%	-19.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,064	6	-8	-186	-12.2	0.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	10,858	223	-18	408	26.7	2.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	10,270	665	649	606	39.7	6.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	10,919	563	431	48	3.1	5.2	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	10,737	361	322	309	20.2	3.4	Feb 13, 2025	J-GAAP
YoY	+18.5%	+5,916.7%	－	－	－