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

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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	ー	ー	ー	ー	－	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	43.2	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	78.8	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%