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POVAL KOGYO CO.,LTD., First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 47%

Thu Nov 14, 2024 3:40 pm JST Earnings

4247 POVAL KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

POVAL KOGYO CO.,LTD. <4247> [TSE-S] announced its financial results after the market closed on November 14th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 31.8% from the same period last year to 133 million yen. The progress rate against the 280 million yen full-year plan was 47.5%, also falling below the five-year average of 59.4%.

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 decrease by 2.0% from the same period last year to 147 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 74 million yen, a 47.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.7% in the same period last year to 8.8%.

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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 1,814 191 208 134 51.0 54.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 1,886 189 195 106 40.3 56.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,631 120 133 53 20.4 47.5 Nov 14, 2024 J-GAAP
YoY -13.5% -36.5% -31.8% -50.0% -49.4%

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 1,683 116 127 44 16.7 19 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,631 120 133 53 20.4 19 Nov 14, 2024 J-GAAP
Revision Rate -3.1% +3.4% +4.7% +20.5% +22.2%

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 1,703 128 150 79 30.1 18.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,839 140 147 85 32.3 19 Nov 14, 2024 J-GAAP
YoY +8.0% +9.4% -2.0% +7.6% +7.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,566 368 383 256 97.2 36 May 12, 2023 J-GAAP
Mar, 2024 3,589 317 345 185 70.5 37 May 14, 2024 J-GAAP
Mar, 2025 Guidance 3,470 260 280 138 52.4 38 May 14, 2024 J-GAAP
YoY -3.3% -18.0% -18.8% -25.4% -25.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 988 135 140 100 38.1 13.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 815 72 93 62 23.6 8.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 888 56 57 17 6.5 6.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 805 47 59 2 1.0 5.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 826 73 74 51 19.6 8.8 Nov 14, 2024 J-GAAP
YoY -16.4% -45.9% -47.1% -49.0% -48.4%

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