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Prestige International Inc., July-September (2Q) Ordinary Profit Increases by 9%

Tue Oct 29, 2024 4:00 pm JST Earnings

4290 Prestige International Inc. 【J-GAAP】

Earnings Report

Prestige International Inc. <4290> [TSE-P] announced its financial results after the market closed on October 29th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 3.96 billion yen, a 2.7% decrease compared to the same period last year. The progress rate against the 8.5 billion yen full-year plan was 46.6%, almost the same as the five-year average of 47.4%.

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 grow by 3.5% from the same period last year, reaching 4.53 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.9% from the same period last year, reaching 2.29 billion yen. However, the operating profit margin decreased from 13.3% in the same period last year to 12.7%.

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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 26,179 3,839 4,039 2,458 19.3 48.2 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 28,763 3,857 4,071 2,357 18.4 48.1 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 30,770 3,729 3,961 2,231 17.5 46.6 Oct 29, 2024 J-GAAP
YoY +7.0% -3.3% -2.7% -5.3% -4.9%

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 30,580 3,600 3,800 2,300 18.1 12 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 30,770 3,729 3,961 2,231 17.5 12 Oct 29, 2024 J-GAAP
Revision Rate +0.6% +3.6% +4.2% -3.0% -2.9%

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 29,975 4,064 4,387 3,434 26.9 6 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,230 4,271 4,539 3,069 24.2 12 Oct 29, 2024 J-GAAP
YoY +7.5% +5.1% +3.5% -10.6% -9.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 54,562 7,840 8,378 5,318 41.6 11 May 12, 2023 J-GAAP
Mar, 2024 58,738 7,921 8,458 5,791 45.3 12 May 10, 2024 J-GAAP
Mar, 2025 Guidance 63,000 8,000 8,500 5,300 41.9 24 May 10, 2024 J-GAAP
YoY +7.3% +1.0% +0.5% -8.5% -7.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,846 1,968 2,106 1,283 10.0 13.3 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 14,981 1,997 2,155 1,497 11.7 13.3 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 14,994 2,067 2,232 1,937 15.2 13.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 15,048 1,729 1,668 785 6.2 11.5 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 15,722 2,000 2,293 1,446 11.4 12.7 Oct 29, 2024 J-GAAP
YoY +5.9% +1.6% +8.9% +12.7% +13.3%

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