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PRAP Japan, First Half Ordinary Profit Increases by 27%, Dec-Feb Ordinary Profit Increases by 53%

Fri Apr 11, 2025 3:30 pm JST Earnings

2449 PRAP Japan,Inc. 【J-GAAP】

Earnings Report

PRAP Japan,Inc. <2449> [TSE Std] announced its financial results after the market closed on April 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2025 (September 2024 to February 2025) increased 26.7% from the same period last year, reaching 313 million yen. The progress rate toward the full-year plan of 600 million yen was 52.2%, almost the same as the five-year average of 54.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (2H) is expected to decrease 13.0% from the same period last year to 287 million yen.

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit increased 52.6% from the same period last year, reaching 209 million yen. The operating profit margin significantly improved from 7.0% in the same period last year to 10.4%.

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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 3,423 387 391 242 55.6 52.3 Apr 14, 2023 J-GAAP
Sep - Feb, 2023 3,383 242 247 109 25.0 42.8 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 3,566 307 313 158 35.8 52.2 Apr 11, 2025 J-GAAP
YoY +5.4% +26.9% +26.7% +45.0% +43.4%

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 15, 2024 J-GAAP
Sep - Feb, 2024 Results 3,566 307 313 158 35.8 0 Apr 11, 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 3,502 330 330 117 26.6 40 Oct 15, 2024 J-GAAP
Mar - Aug, 2025 Guidance 3,804 293 287 192 43.3 40 Apr 11, 2025 J-GAAP
YoY +8.6% -11.2% -13.0% +64.1% +62.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 6,635 730 747 436 99.9 40 Oct 13, 2023 J-GAAP
Aug, 2024 6,885 572 577 226 51.4 40 Oct 15, 2024 J-GAAP
Aug, 2025 Guidance 7,370 600 600 350 78.9 40 Oct 15, 2024 J-GAAP
YoY +7.0% +4.9% +4.0% +54.9% +53.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 1,907 133 137 84 19.2 7.0 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,655 170 172 26 5.9 10.3 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,847 160 158 91 20.7 8.7 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,579 101 104 25 5.7 6.4 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 1,987 206 209 133 30.1 10.4 Apr 11, 2025 J-GAAP
YoY +4.2% +54.9% +52.6% +58.3% +56.7%

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