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PATH corporation, First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

Thu Nov 14, 2024 4:00 pm JST Earnings

3840 PATH corporation 【J-GAAP】

Earnings Report

PATH corporation <3840> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 77 million yen (compared to a loss of 113 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 43 million yen (compared to a loss of 55 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 32 million yen (compared to a loss of 62 million yen in the same period last year). The operating profit/loss margin drastically improved from -11.6% in the same period last year to -5.2%.

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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 1,006 -90 -101 -102 -2.3 ー Nov 14, 2022 J-GAAP
Apr - Sep, 2023 1,105 -115 -113 -104 -2.0 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,123 -84 -77 -81 -1.4 ー Nov 14, 2024 J-GAAP
YoY +1.6% +27.0% +31.9% +22.1% +31.0%

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 15, 2024 J-GAAP
Apr - Sep, 2024 Results 1,123 -84 -77 -81 -1.4 0 Nov 14, 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 1,215 -57 -55 -71 -1.3 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,859 46 43 46 0.6 0 Nov 14, 2024 J-GAAP
YoY +53.0% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,991 -220 -224 -256 -5.5 0 May 15, 2023 J-GAAP
Mar, 2024 2,320 -172 -168 -175 -3.3 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 2,982 -38 -34 -35 -0.5 0 May 15, 2024 J-GAAP
YoY +28.5% +77.9% +79.8% +80.0% +85.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 542 -63 -62 -65 -1.3 -11.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 666 -12 -10 -22 -0.4 -1.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 549 -45 -45 -49 -0.9 -8.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 490 -51 -45 -47 -0.8 -10.4 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 633 -33 -32 -34 -0.6 -5.2 Nov 14, 2024 J-GAAP
YoY +16.8% +47.6% +48.4% +47.7% +53.6%

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