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PILOT, First Half Ordinary Profit Decreases by 8%, Current Fiscal Year Dividend Revised Upward by 3 Yen

Thu Aug 7, 2025 4:00 pm JST Earnings

7846 PILOT CORPORATION 【J-GAAP】

Earnings Report

PILOT CORPORATION <7846> [TSE Prime] announced its financial results after the market closed on August 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 8.4% from the same period last year to 11.6 billion yen. However, Progress toward the full-year plan of 19.0 billion yen was 61.1%, almost the same as the five-year average of 59.2%.

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 July to December period (second half) is expected to nearly flat at 7.38 billion yen, down 0.7% from the same period last year.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 117 yen to 120 yen (compared to 117 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit decreased to 7.52 billion yen, a 12.1% decrease compared to the same period last year. However, the operating profit margin rose from 18.9% in the same period last year to 19.9%.

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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
Jan - Jun, 2023 61,402 12,091 14,112 9,841 249.5 67.7 Aug 7, 2023 J-GAAP
Jan - Jun, 2024 65,639 9,951 12,676 8,933 226.7 63.0 Aug 7, 2024 J-GAAP
Jan - Jun, 2025 64,964 11,770 11,615 7,660 198.9 61.1 Aug 7, 2025 J-GAAP
YoY -1.0% +18.3% -8.4% -14.3% -12.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 58.50 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 64,964 11,770 11,615 7,660 198.9 60 Aug 7, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 133,000 18,000 19,000 14,500 389.9 117 Feb 14, 2025 J-GAAP
Dec, 2025 New 133,000 18,000 19,000 14,500 389.9 120 Aug 7, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 60,529 7,854 7,434 6,248 159.9 64 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 68,036 6,230 7,385 6,840 183.9 60 Aug 7, 2025 J-GAAP
YoY +12.4% -20.7% -0.7% +9.5% +15.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 118,590 19,003 20,840 13,661 346.3 100 Feb 13, 2024 J-GAAP
Dec, 2024 126,168 17,805 20,110 15,181 388.5 117 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 133,000 18,000 19,000 14,500 389.9 120 Aug 7, 2025 J-GAAP
YoY +5.4% +1.1% -5.5% -4.5% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 36,840 6,971 8,562 6,233 158.2 18.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 29,665 4,290 2,686 2,928 74.6 14.5 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 30,864 3,564 4,748 3,320 85.0 11.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 29,118 4,634 4,090 1,856 48.2 15.9 May 9, 2025 J-GAAP
Apr - Jun, 2025 35,846 7,136 7,525 5,804 150.7 19.9 Aug 7, 2025 J-GAAP
YoY -2.7% +2.4% -12.1% -6.9% -4.7%

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