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Pro-Ship Incorporated, July-September (2Q) Ordinary Profit Decreases by 22%

Fri Nov 8, 2024 4:00 pm JST Earnings

3763 Pro-Ship Incorporated 【J-GAAP】

Earnings Report

Pro-Ship Incorporated <3763> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.9% from the same period last year, reaching 540 million yen. However, The progress rate against the 2 billion yen full-year plan was 27.0%, also falling below the five-year average of 34.5%.

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 1.8% from the same period last year, reaching 1.46 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 316 million yen, a 21.8% decrease compared to the same period last year. The operating profit margin decreased from 22.7% in the same period last year to 18.9%.

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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 3,255 740 772 546 37.4 42.2 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 3,026 415 443 301 24.5 23.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 3,118 501 540 428 34.7 27.0 Nov 8, 2024 J-GAAP
YoY +3.0% +20.7% +21.9% +42.2% +41.9%

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 － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 3,118 501 540 428 34.7 0 Nov 8, 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 3,786 1,217 1,434 1,048 85.2 50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,182 1,399 1,460 972 78.4 52 Nov 8, 2024 J-GAAP
YoY +10.5% +15.0% +1.8% -7.3% -7.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,600 1,630 1,831 1,299 96.5 47 May 9, 2023 J-GAAP
Mar, 2024 6,812 1,632 1,877 1,349 109.7 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 7,300 1,900 2,000 1,400 113.0 52 May 10, 2024 J-GAAP
YoY +7.2% +16.4% +6.6% +3.8% +3.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,730 392 404 275 22.4 22.7 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,886 570 751 537 43.7 30.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,900 647 683 511 41.5 34.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,485 193 224 163 13.3 13.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,633 308 316 265 21.5 18.9 Nov 8, 2024 J-GAAP
YoY -5.6% -21.4% -21.8% -3.6% -3.8%

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