PLANET INC, First Half Ordinary Profit Decreases by 10%

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Wed Feb 26, 2025 3:40 pm JST Earnings

2391 PLANET,INC. 【J-GAAP】

Earnings Report

PLANET,INC. <2391> [TSE Std] announced its financial results after the market closed on February 26th (15:40). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) decreased 9.9% from the same period last year to 299 million yen. However, the progress rate toward the full-year plan of 510 million yen was 58.6%, also surpassing the five-year average of 48.6%.

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 February to July period (2H) is expected to drop 41.2% from the same period last year to 211 million yen.

In the most recent three-month period, from November to January (2Q), the ordinary profit decreased to 167 million yen, a 6.2% decrease compared to the same period last year. The operating profit margin decreased from 21.8% in the same period last year to 20.1%.

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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
Aug - Jan, 2022	1,574	316	326	219	33.0	49.8	Feb 21, 2023	J-GAAP
Aug - Jan, 2023	1,580	301	332	222	33.6	48.0	Feb 22, 2024	J-GAAP
Aug - Jan, 2024	1,592	286	299	198	30.0	58.6	Feb 26, 2025	J-GAAP
YoY	+0.8%	-5.0%	-9.9%	-10.8%	-10.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Guidance	1,605	265	275	190	28.7	21.50	Sep 13, 2024	J-GAAP
Aug - Jan, 2024 Results	1,592	286	299	198	30.0	21.50	Feb 26, 2025	J-GAAP
Revision Rate	-0.8%	+7.9%	+8.7%	+4.2%	+4.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024	1,592	341	359	236	35.6	21.50	Sep 13, 2024	J-GAAP
Feb - Jul, 2025 Guidance	1,648	204	211	152	22.9	22	Feb 26, 2025	J-GAAP
YoY	+3.5%	-40.2%	-41.2%	-35.6%	-35.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	3,131	625	655	442	66.7	42.50	Sep 14, 2023	J-GAAP
Jul, 2024	3,172	642	691	458	69.1	43	Sep 13, 2024	J-GAAP
Jul, 2025 Guidance	3,240	490	510	350	52.8	43.50	Sep 13, 2024	J-GAAP
YoY	+2.1%	-23.7%	-26.2%	-23.6%	-23.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	781	170	178	119	18.0	21.8	Feb 22, 2024	J-GAAP
Feb - Apr, 2024	776	134	141	94	14.2	17.3	May 27, 2024	J-GAAP
May - Jul, 2024	816	207	218	142	21.4	25.4	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	807	128	132	100	15.2	15.9	Nov 25, 2024	J-GAAP
Nov - Jan, 2024	785	158	167	98	14.8	20.1	Feb 26, 2025	J-GAAP
YoY	+0.5%	-7.1%	-6.2%	-17.6%	-17.8%