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PBsystems, First Half Ordinary Profit Decreases by 59%, Jan-Mar Ordinary Profit Decreases by 94%

Thu May 15, 2025 3:30 pm JST Earnings

4447 PBsystems,Inc. 【J-GAAP】

Earnings Report

PBsystems,Inc. <4447> [TSE Growth] announced its financial results after the market closed on May 15th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) significantly dropped 58.7% from the same period last year to 50 million yen. The progress rate toward the full-year plan of 376 million yen was 13.3%, also falling below the five-year average of 47.3%.

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 April to September period (2H) is expected to expand 35.3% from the same period last year, reaching 326 million yen.

In the most recent three-month period, from January to March (2Q), the ordinary profit significantly dropped to 3 million yen, a 94.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.1% in the same period last year to 0.6%.

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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
Oct - Mar, 2022 908 -55 -60 -42 -6.6 ー May 15, 2023 J-GAAP
Oct - Mar, 2023 1,152 120 121 81 12.8 33.4 May 14, 2024 J-GAAP
Oct - Mar, 2024 1,170 50 50 31 5.1 13.3 May 15, 2025 J-GAAP
YoY +1.6% -58.3% -58.7% -61.7% -60.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance ー ー ー ー － 0 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 Results 1,170 50 50 31 5.1 0 May 15, 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
Apr - Sep, 2024 1,955 242 241 174 27.3 10 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 Guidance 2,250 330 326 225 38.7 10 May 15, 2025 J-GAAP
YoY +15.1% +36.4% +35.3% +29.3% +41.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 2,900 301 295 205 31.8 0 Nov 13, 2023 J-GAAP
Sep, 2024 3,107 362 362 255 40.1 10 Nov 14, 2024 J-GAAP
Sep, 2025 Guidance 3,420 380 376 256 44.0 10 Nov 14, 2024 J-GAAP
YoY +10.1% +5.0% +3.9% +0.4% +9.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 549 50 52 35 5.5 9.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 348 -24 -25 -17 -2.7 -6.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,607 266 266 191 30.0 16.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 704 47 47 30 4.9 6.7 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 466 3 3 1 0.2 0.6 May 15, 2025 J-GAAP
YoY -15.1% -94.0% -94.2% -97.1% -97.1%

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