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Pacific Net, Jun-Feb (Cumulative 3Q) Ordinary Profit Increases by 26%, Dec-Feb Ordinary Profit Increases by 51%

Mon Apr 14, 2025 12:30 pm JST Earnings

3021 Pacific Net Co.,Ltd 【J-GAAP】

Earnings Report

Pacific Net Co.,Ltd <3021> [TSE Std] announced its financial results at noon (12:30) on April 14th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) increased 26.2% from the same period last year, reaching 491 million yen. However, the progress rate toward the full-year plan of 735 million yen was 66.8%, also falling below the five-year average of 70.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to May period (4Q) is expected to decrease 1.2% from the same period last year to 244 million yen.

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit increased 51.1% from the same period last year, reaching 201 million yen. The operating profit margin improved from 8.4% in the same period last year to 10.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Feb, 2022 4,738 319 312 196 38.3 60.2 Apr 14, 2023 J-GAAP
Jun - Feb, 2023 4,935 403 389 256 49.3 61.2 Apr 15, 2024 J-GAAP
Jun - Feb, 2024 5,812 528 491 318 60.6 66.8 Apr 14, 2025 J-GAAP
YoY +17.8% +31.0% +26.2% +24.2% +22.8%

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
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
Dec - Feb, 2024 2,021 213 201 125 23.8 10.5 Apr 14, 2025 J-GAAP
YoY +18.7% +49.0% +51.1% +40.4% +38.8%

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