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PROPERST, First Half Ordinary Profit Decreases by 38%, Sep-Nov Ordinary Profit Decreases by 64%

Tue Jan 14, 2025 3:30 pm JST Earnings

3236 PROPERST CO.,LTD. 【J-GAAP】

Earnings Report

PROPERST CO.,LTD. <3236> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) dropped 37.8% from the same period last year to 1.5 billion yen. The progress rate toward the full-year plan of 1.55 billion yen was 96.9%, almost the same as the five-year average of 94.8%.

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 December to May period (2H) is expected to significant drop 71.4% from the same period last year to 0.04 billion yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit significantly dropped to 0.43 billion yen, a 64.1% decrease compared to the same period last year. The operating profit margin decreased from 12.6% in the same period last year to 9.4%.

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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
Jun - Nov, 2022 14,747 2,300 2,099 1,568 45.7 100.0 Jan 10, 2023 J-GAAP
Jun - Nov, 2023 17,618 2,681 2,427 1,695 49.5 93.5 Jan 9, 2024 J-GAAP
Jun - Nov, 2024 15,902 1,796 1,509 1,044 30.8 96.9 Jan 14, 2025 J-GAAP
YoY -9.7% -33.0% -37.8% -38.4% -37.7%

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 8, 2024 J-GAAP
Jun - Nov, 2024 Results 15,902 1,796 1,509 1,044 30.8 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 5,683 375 168 125 3.7 4 Jul 8, 2024 J-GAAP
Dec - May, 2024 Guidance 10,900 195 48 46 1.4 4 Jan 14, 2025 J-GAAP
YoY +91.8% -48.0% -71.4% -63.2% -62.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 20,015 2,557 2,098 1,562 45.6 2 Jul 10, 2023 J-GAAP
May, 2024 23,301 3,056 2,595 1,820 53.4 4 Jul 8, 2024 J-GAAP
May, 2025 Guidance 26,802 1,991 1,557 1,090 32.6 4 Jul 8, 2024 J-GAAP
YoY +15.0% -34.8% -40.0% -40.1% -38.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 10,490 1,325 1,209 852 24.9 12.6 Jan 9, 2024 J-GAAP
Dec - Feb, 2023 3,045 377 286 197 5.8 12.4 Apr 8, 2024 J-GAAP
Mar - May, 2024 2,638 -2 -118 -72 -2.1 -0.1 Jul 8, 2024 J-GAAP
Jun - Aug, 2024 9,887 1,233 1,075 744 21.9 12.5 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 6,015 563 434 300 8.9 9.4 Jan 14, 2025 J-GAAP
YoY -42.7% -57.5% -64.1% -64.8% -64.4%

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