kabutan

Pacific Net, First Half Ordinary Profit Increases by 13%

Tue Jan 14, 2025 3:30 pm JST Earnings

3021 Pacific Net Co.,Ltd 【J-GAAP】

Earnings Report

Pacific Net Co.,Ltd <3021> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) increased 13.3% from the same period last year, reaching 290 million yen. However, the progress rate toward the full-year plan of 735 million yen was 39.5%, also falling below the five-year average of 44.6%.

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 December to May period (2H) is expected to grow 17.1% from the same period last year, reaching 445 million yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit amounted to 163 million yen, an increase of 2.5% compared to the same period last year. However, the operating profit margin worsened from 9.2% in the same period last year to 8.8%.

Kabutan News

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
Jun - Nov, 2022 3,148 165 162 100 19.7 31.3 Jan 16, 2023 J-GAAP
Jun - Nov, 2023 3,232 260 256 167 32.3 40.3 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 3,791 315 290 193 36.9 39.5 Jan 14, 2025 J-GAAP
YoY +17.3% +21.2% +13.3% +15.6% +14.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance ー ー ー ー － 0 Jul 16, 2024 J-GAAP
Jun - Nov, 2024 Results 3,791 315 290 193 36.9 0 Jan 14, 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
Dec - May, 2023 3,689 398 380 265 50.8 41 Jul 16, 2024 J-GAAP
Dec - May, 2024 Guidance 4,009 455 445 284 54.0 47 Jan 14, 2025 J-GAAP
YoY +8.7% +14.3% +17.1% +7.2% +6.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 6,404 529 518 336 65.6 40 Jul 14, 2023 J-GAAP
May, 2024 6,921 658 636 432 82.8 41 Jul 16, 2024 J-GAAP
May, 2025 Guidance 7,800 770 735 477 90.8 47 Jul 16, 2024 J-GAAP
YoY +12.7% +17.0% +15.6% +10.4% +9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,695 156 159 106 20.5 9.2 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 1,703 143 133 89 17.2 8.4 Apr 15, 2024 J-GAAP
Mar - May, 2024 1,986 255 247 176 33.7 12.8 Jul 16, 2024 J-GAAP
Jun - Aug, 2024 1,811 141 127 85 16.2 7.8 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,980 174 163 108 20.6 8.8 Jan 14, 2025 J-GAAP
YoY +16.8% +11.5% +2.5% +1.9% +0.7%

Related Articles