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PORTERS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 1%
5126 PORTERS CORPORATION 【J-GAAP】
Earnings ReportPORTERS CORPORATION <5126> [TSE Growth] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 5.1% from the same period last year to 243 million yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 1.1%, from the previous forecast of 350 million yen to 354 million yen (compared to 387 million yen in the previous period), and the declining rate is expected to decrease from 9.6% to 8.5%. However, the full-year forecast for consolidated net income has decreased 35.0%, from the previous forecast of 200 million yen to 130 million yen (compared to 268 million yen in the previous period), leading to an increase in the profit decline rate from 25.4% to 51.5%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward 2.0%, from the previous forecast of 205 million yen to 209 million yen (compared to 215 million yen in the same period of the previous year), and the declining rate is expected to decrease from 4.7% to 2.8%.
In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew 16.7% from the same period last year, reaching 98 million yen. However, the operating profit margin decreased from 20.1% in the same period last year to 17.3%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Sep, 2023 | 1,160 | 318 | 322 | 217 | 138.3 | 85.2 | Nov 10, 2023 | J-GAAP |
| Jan - Sep, 2024 | 1,411 | 268 | 256 | 184 | 116.0 | 66.1 | Nov 12, 2024 | J-GAAP |
| Jan - Sep, 2025 | 1,560 | 247 | 243 | 166 | 103.5 | 68.6 | Nov 11, 2025 | J-GAAP |
| YoY | +10.6% | -7.8% | -5.1% | -9.8% | -10.7% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2025 Prev | 1,217 | 195 | 205 | 101 | 62.6 | 0 | Aug 12, 2025 | J-GAAP |
| Jul - Dec, 2025 New | 1,089 | 203 | 209 | 31 | 19.2 | 0 | Nov 11, 2025 | J-GAAP |
| Revision Rate | -10.5% | +4.1% | +2.0% | -69.3% | -69.3% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2025 Prev | 2,244 | 350 | 350 | 200 | 123.9 | 0 | Feb 7, 2025 | J-GAAP |
| Dec, 2025 New | 2,116 | 358 | 354 | 130 | 80.6 | 0 | Nov 11, 2025 | J-GAAP |
| Revision Rate | -5.7% | +2.3% | +1.1% | -35.0% | -35.0% |
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 | 989 | 219 | 215 | 146 | 91.7 | 0 | Feb 7, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 1,089 | 203 | 209 | 31 | 19.2 | 0 | Nov 11, 2025 | J-GAAP |
| YoY | +10.1% | -7.3% | -2.8% | -78.8% | -79.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 1,587 | 377 | 378 | 267 | 170.4 | 0 | Feb 9, 2024 | J-GAAP |
| Dec, 2024 | 1,923 | 391 | 387 | 268 | 168.3 | 0 | Feb 7, 2025 | J-GAAP |
| Dec, 2025 Guidance | 2,116 | 358 | 354 | 130 | 80.6 | 0 | Nov 11, 2025 | J-GAAP |
| YoY | +10.0% | -8.4% | -8.5% | -51.5% | -52.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 477 | 96 | 84 | 62 | 39.1 | 20.1 | Nov 12, 2024 | J-GAAP |
| Oct - Dec, 2024 | 512 | 123 | 131 | 84 | 52.7 | 24.0 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 497 | 73 | 67 | 47 | 30.0 | 14.7 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 530 | 82 | 78 | 52 | 32.5 | 15.5 | Aug 12, 2025 | J-GAAP |
| Jul - Sep, 2025 | 533 | 92 | 98 | 67 | 41.8 | 17.3 | Nov 11, 2025 | J-GAAP |
| YoY | +11.7% | -4.2% | +16.7% | +8.1% | +7.0% |
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