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PENTA-OCEAN CONSTRUCTION CO.,LTD., First Half Ordinary Profit Increases by 3%

Thu Nov 7, 2024 12:00 pm JST Earnings

1893 PENTA-OCEAN CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

PENTA-OCEAN CONSTRUCTION CO.,LTD. <1893> [TSE-P] announced its financial results at noon (12:00) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 13.2 billion yen, a 2.5% increase compared to the same period last year. However, The progress rate against the 30 billion yen full-year plan was 44.3%, also falling below the same period of the previous year of 47.6%.

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 October to March period (second half) is expected to grow by 17.2% from the same period last year, reaching 16.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 5.94 billion yen, a 2.6% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 4.4% in the same period last year to 4.5%.

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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
Apr - Sep, 2022 227,669 6,672 7,015 4,820 16.9 495.8 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 278,561 13,339 12,962 8,806 30.9 47.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 328,047 15,101 13,292 9,886 34.9 44.3 Nov 7, 2024 J-GAAP
YoY +17.8% +13.2% +2.5% +12.3% +13.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 12 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 328,047 15,101 13,292 9,886 34.9 12 Nov 7, 2024 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
Oct - Mar, 2023 339,147 15,813 14,259 9,069 31.8 24 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 326,953 17,399 16,708 10,114 35.9 12 Nov 7, 2024 J-GAAP
YoY -3.6% +10.0% +17.2% +11.5% +12.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 502,206 4,119 1,415 684 2.4 24 May 12, 2023 J-GAAP
Mar, 2024 617,708 29,152 27,221 17,875 62.7 24 May 10, 2024 J-GAAP
Mar, 2025 Guidance 655,000 32,500 30,000 20,000 71.0 24 May 10, 2024 J-GAAP
YoY +6.0% +11.5% +10.2% +11.9% +13.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 151,288 6,658 6,104 4,028 14.1 4.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 157,219 7,384 5,686 4,101 14.4 4.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 181,928 8,429 8,573 4,968 17.4 4.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 154,349 7,213 7,348 5,222 18.4 4.7 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 173,698 7,888 5,944 4,664 16.5 4.5 Nov 7, 2024 J-GAAP
YoY +14.8% +18.5% -2.6% +15.8% +16.6%

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