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PHC Holdings Corporation, First Half Net Income Turns to Profit, July-September Net Income Increases by 9.8 times

Wed Nov 13, 2024 3:30 pm JST Earnings

6523 PHC Holdings Corporation 【IFRS】

Earnings Report

PHC Holdings Corporation <6523> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 4.1 billion yen (compared to a loss of 2.45 billion yen in the same period last year). The progress rate against the 10.3 billion yen full-year plan was 39.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 6.2 billion yen (compared to a loss of 10.4 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 9.8 times that of the same period last year, reaching 7.27 billion yen. The operating profit margin drastically improved from 2.9% in the same period last year to 8.1%.

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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 170,584 10,540 3,395 1,195 9.6 1,896.6 Nov 9, 2022 IFRS
Apr - Sep, 2023 166,819 4,182 -3,030 -2,457 -19.6 ー Nov 10, 2023 IFRS
Apr - Sep, 2024 173,863 9,212 7,411 4,100 32.5 53.3 Nov 13, 2024 IFRS
YoY +4.2% +120.3% － － －

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 － 21 May 10, 2024 IFRS
Apr - Sep, 2024 Results 173,863 9,212 7,411 4,100 32.5 21 Nov 13, 2024 IFRS
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 187,081 -2,616 -10,219 -10,436 -83.0 18 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 186,137 9,888 6,489 6,200 49.1 21 Nov 13, 2024 IFRS
YoY -0.5% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 356,434 20,000 179 -3,222 -25.8 72 May 10, 2023 IFRS
Mar, 2024 353,900 1,566 -13,249 -12,893 -102.5 54 May 10, 2024 IFRS
Mar, 2025 Guidance 360,000 19,100 13,900 10,300 81.6 42 May 10, 2024 IFRS
YoY +1.7% +1,119.7% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 85,494 2,470 558 743 5.9 2.9 Nov 10, 2023 IFRS
Oct - Dec, 2023 89,864 -9,310 -10,748 -8,697 -69.2 -10.4 Feb 9, 2024 IFRS
Jan - Mar, 2024 97,217 6,694 529 -1,739 -13.8 6.9 May 10, 2024 IFRS
Apr - Jun, 2024 85,187 2,027 -2,762 -3,173 -25.2 2.4 Aug 8, 2024 IFRS
Jul - Sep, 2024 88,676 7,185 10,173 7,273 57.7 8.1 Nov 13, 2024 IFRS
YoY +3.7% +190.9% +1,723.1% +878.9% +876.1%

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