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PROGRIT, First Half Ordinary Profit Increases by 52%, Dec-Feb Ordinary Profit Increases by 71%

Wed Apr 9, 2025 3:30 pm JST Earnings

9560 PROGRIT Inc. 【J-GAAP】

Earnings Report

PROGRIT Inc. <9560> [TSE Growth] announced its financial results after the market closed on April 9th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending August 2025 (September 2024 to February 2025) expanded 0.8 billion yen, an increase 51.5% compared to the same period last year. The progress rate toward the full-year plan of 1.07 billion yen was 74.9%, also surpassing the progress rate of 64.9% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the March to August period (2H) is expected to decrease 6.3% from the same period last year to 0.26 billion yen.

In the most recent three-month period, from December to February (2Q), the ordinary profit increased 71.3% from the same period last year, reaching 0.35 billion yen. The operating profit margin rose from 21.4% in the same period last year to 25.6%.

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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
Sep - Feb, 2022 1,351 282 277 188 16.6 56.3 Apr 14, 2023 J-GAAP
Sep - Feb, 2023 2,045 539 530 395 32.9 64.9 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 2,809 800 803 587 47.0 74.9 Apr 9, 2025 J-GAAP
YoY +37.4% +48.4% +51.5% +48.6% +42.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Guidance 0 Oct 9, 2024 J-GAAP
Sep - Feb, 2024 Results 2,809 800 803 587 47.0 0 Apr 9, 2025 J-GAAP
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 2,408 285 287 215 17.6 13 Oct 9, 2024 J-GAAP
Mar - Aug, 2025 Guidance 2,891 270 269 197 15.9 18 Apr 9, 2025 J-GAAP
YoY +20.1% -5.3% -6.3% -8.4% -9.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 3,023 497 492 360 31.3 0 Oct 12, 2023 J-GAAP
Aug, 2024 4,453 824 817 610 49.9 13 Oct 9, 2024 J-GAAP
Aug, 2025 Guidance 5,700 1,070 1,072 784 63.3 18 Oct 9, 2024 J-GAAP
YoY +28.0% +29.9% +31.2% +28.5% +26.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 1,020 218 209 175 14.6 21.4 Apr 10, 2024 J-GAAP
Mar - May, 2024 1,134 205 205 142 11.7 18.1 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 1,274 80 82 73 6.0 6.3 Oct 9, 2024 J-GAAP
Sep - Nov, 2024 1,421 445 445 327 26.3 31.3 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 1,388 355 358 260 20.8 25.6 Apr 9, 2025 J-GAAP
YoY +36.1% +62.8% +71.3% +48.6% +42.7%

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