Pacific Net, Jun-Feb (Cumulative 3Q) Ordinary Profit Increases by 26%, Dec-Feb Ordinary Profit Increases by 51%

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Mon Apr 14, 2025 12:30 pm JST Earnings

3021 Pacific Net Co.,Ltd 【J-GAAP】

Earnings Report

Pacific Net Co.,Ltd <3021> [TSE Std] announced its financial results at noon (12:30) on April 14th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) increased 26.2% from the same period last year, reaching 491 million yen. However, the progress rate toward the full-year plan of 735 million yen was 66.8%, also falling below the five-year average of 70.3%.

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 for the March to May period (4Q) is expected to decrease 1.2% from the same period last year to 244 million yen.

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit increased 51.1% from the same period last year, reaching 201 million yen. The operating profit margin improved from 8.4% in the same period last year to 10.5%.

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
Jun - Feb, 2022	4,738	319	312	196	38.3	60.2	Apr 14, 2023	J-GAAP
Jun - Feb, 2023	4,935	403	389	256	49.3	61.2	Apr 15, 2024	J-GAAP
Jun - Feb, 2024	5,812	528	491	318	60.6	66.8	Apr 14, 2025	J-GAAP
YoY	+17.8%	+31.0%	+26.2%	+24.2%	+22.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	3,689	398	380	265	50.8	41	Jul 16, 2024	J-GAAP
Dec - May, 2024 Guidance	4,009	455	445	284	54.0	47	Jan 14, 2025	J-GAAP
YoY	+8.7%	+14.3%	+17.1%	+7.2%	+6.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	6,404	529	518	336	65.6	40	Jul 14, 2023	J-GAAP
May, 2024	6,921	658	636	432	82.8	41	Jul 16, 2024	J-GAAP
May, 2025 Guidance	7,800	770	735	477	90.8	47	Jul 16, 2024	J-GAAP
YoY	+12.7%	+17.0%	+15.6%	+10.4%	+9.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	1,703	143	133	89	17.2	8.4	Apr 15, 2024	J-GAAP
Mar - May, 2024	1,986	255	247	176	33.7	12.8	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	1,811	141	127	85	16.2	7.8	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	1,980	174	163	108	20.6	8.8	Jan 14, 2025	J-GAAP
Dec - Feb, 2024	2,021	213	201	125	23.8	10.5	Apr 14, 2025	J-GAAP
YoY	+18.7%	+49.0%	+51.1%	+40.4%	+38.8%