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PARK24, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 3% Decrease

Tue Jul 15, 2025 4:00 pm JST Earnings

4666 PARK24 Co., Ltd. 【J-GAAP】

Earnings Report

PARK24 Co., Ltd. <4666> [TSE Prime] announced its financial results after the market closed on July 15th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending October 2025 (November 2024 to April 2025) dropped 44.7% from the same period last year to 4.98 billion yen, fell short of the previous forecast of 8.50 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 16.3%, from the previous forecast of 21.5 billion yen to 18.0 billion yen (compared to 18.6 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 3.4% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the May to October period (second half) is expected to expand 35.4% from the same period last year, reaching 13.0 billion yen.

In the most recent three-month period, from February to April (2Q), the consolidated net income/loss turned to a loss of 0.19 billion yen (compared to a profit of 3.92 billion yen in the same period last year). The operating profit margin worsened from 9.0% in the same period last year to 6.7%.

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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
Nov - Apr, 2022 157,078 15,097 11,493 7,979 46.8 41.5 Jun 14, 2023 J-GAAP
Nov - Apr, 2023 175,875 16,654 14,998 9,009 52.8 42.3 Jun 14, 2024 J-GAAP
Nov - Apr, 2024 193,394 15,780 13,918 4,981 29.2 39.2 Jul 15, 2025 J-GAAP
YoY +10.0% -5.2% -7.2% -44.7% -44.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Guidance 191,000 15,800 14,000 8,500 49.8 0 Dec 16, 2024 J-GAAP
Nov - Apr, 2024 Results 193,394 15,780 13,918 4,981 29.2 0 Jul 15, 2025 J-GAAP
Revision Rate +1.3% -0.1% -0.6% -41.4% -41.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2025 Prev 404,000 39,000 35,500 21,500 126.0 30 Dec 16, 2024 J-GAAP
Oct, 2025 New 406,000 39,000 35,500 18,000 105.5 30 Jul 15, 2025 J-GAAP
Revision Rate +0.5% 0.0% 0.0% -16.3% -16.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 195,038 22,043 20,447 9,616 56.4 5 Dec 16, 2024 J-GAAP
May - Oct, 2025 Guidance 212,606 23,220 21,582 13,019 76.3 30 Jul 15, 2025 J-GAAP
YoY +9.0% +5.3% +5.6% +35.4% +35.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 330,123 31,986 27,673 17,542 102.9 0 Dec 14, 2023 J-GAAP
Oct, 2024 370,913 38,697 35,445 18,625 109.2 5 Dec 16, 2024 J-GAAP
Oct, 2025 Guidance 406,000 39,000 35,500 18,000 105.5 30 Jul 15, 2025 J-GAAP
YoY +9.5% +0.8% +0.2% -3.4% -3.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 89,144 8,032 7,023 3,923 23.0 9.0 Jun 14, 2024 J-GAAP
May - Jul, 2024 94,341 9,956 9,016 5,646 33.1 10.6 Sep 17, 2024 J-GAAP
Aug - Oct, 2024 100,697 12,087 11,431 3,970 23.3 12.0 Dec 16, 2024 J-GAAP
Nov - Jan, 2024 97,267 9,318 8,388 5,176 30.4 9.6 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 96,127 6,462 5,530 -195 -1.1 6.7 Jul 15, 2025 J-GAAP
YoY +7.8% -19.5% -21.3% － －

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