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PIA, The Current Fiscal Year Ordinary Profit Revised Upward by 15%

Thu Feb 13, 2025 1:00 pm JST Earnings

4337 PIA CORPORATION 【J-GAAP】

Earnings Report

PIA CORPORATION <4337> [TSE Prime] announced its financial results in the afternoon session on February 13th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.4 billion yen, an increase 49.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 15.4%, from the previous forecast of 1.3 billion yen to 1.5 billion yen (compared to 0.92 billion yen in the previous period), increasing the growth rate from 41.0% to 62.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 90.9%, from the previous forecast of 0.22 billion yen to 0.42 billion yen (compared to a loss of 0.02 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 0.32 billion yen (compared to a loss of 0 billion yen in the same period last year). The operating profit margin significantly improved from 0.1% in the same period last year to 3.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 23,991 452 329 940 61.7 54.8 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 28,729 986 940 710 46.6 102.0 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 31,926 1,589 1,402 963 63.0 93.5 Feb 13, 2025 J-GAAP
YoY +11.1% +61.2% +49.1% +35.6% +35.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 18,811 172 220 146 9.5 － Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 19,811 472 420 246 16.1 － Feb 13, 2025 J-GAAP
Revision Rate +5.3% +174.4% +90.9% +68.5% +68.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 40,000 1,400 1,300 800 52.2 － May 9, 2024 J-GAAP
Mar, 2025 New 41,000 1,700 1,500 900 58.8 － Feb 13, 2025 J-GAAP
Revision Rate +2.5% +21.4% +15.4% +12.5% +12.5%

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 19,922 229 -26 222 14.5 0 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,811 472 420 246 16.1 － Feb 13, 2025 J-GAAP
YoY -0.6% +106.1% － +10.8% +10.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 32,763 820 600 1,415 92.8 0 May 11, 2023 J-GAAP
Mar, 2024 39,587 1,209 922 1,118 73.2 0 May 9, 2024 J-GAAP
Mar, 2025 Guidance 41,000 1,700 1,500 900 58.8 － Feb 13, 2025 J-GAAP
YoY +3.6% +40.6% +62.7% -19.5% -19.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,064 6 -8 -186 -12.2 0.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,858 223 -18 408 26.7 2.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 10,270 665 649 606 39.7 6.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,919 563 431 48 3.1 5.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 10,737 361 322 309 20.2 3.4 Feb 13, 2025 J-GAAP
YoY +18.5% +5,916.7% － － －

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