PIALA INC., The Current Fiscal Year Net Income Revised Downward to a Loss, The Undetermined Dividend Continues No The Undetermined Dividend Policy

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Thu Nov 14, 2024 3:30 pm JST Earnings

7044 PIALA INC. 【J-GAAP】

Earnings Report

PIALA INC. <7044> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 180 million yen (compared to a loss of 563 million yen in the same period last year).

However, the full-year consolidated net income/loss has been revised downward from an expected profit of 97 million yen to a loss of 88 million yen (compared to a loss of 982 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has downwardly by 65.6%, from the previous forecast of 282 million yen to 97 million yen (compared to a loss of 896 million yen in the same period of the previous year).

At the same time, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to no dividend in the prior term), and the policy has been set to continue with no dividends.

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a profit of profit of 5 million yen (compared to a loss of 477 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.7% in the same period last year to -1.0%.

Note: In cases where performance forecasts are disclosed within a range, the article is created based on the midpoint of the range.

Kabutan News

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
Jan - Sep, 2022	8,988	-96	-52	-64	-9.3	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	7,057	-248	-257	-563	-81.5	ー	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	9,364	-210	-199	-180	-26.0	ー	Nov 14, 2024	J-GAAP
YoY	+32.7%	+15.3%	+22.6%	+68.0%	+68.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	6,356	339	295	282	40.1	－	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	7,571	-11	18	97	13.8	0	Nov 14, 2024	J-GAAP
Revision Rate	+19.1%	－	-93.9%	-65.6%	-65.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	12,283	165	142	97	13.8	－	Feb 13, 2024	J-GAAP
Dec, 2024 New	13,498	-185	-135	-88	-12.5	0	Nov 14, 2024	J-GAAP
Revision Rate	+9.9%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	4,144	-279	-345	-896	-129.5	0	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	7,571	-11	18	97	13.8	0	Nov 14, 2024	J-GAAP
YoY	+82.7%	+96.1%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	11,775	-110	-131	-232	-33.6	0	Feb 14, 2023	J-GAAP
Dec, 2023	9,064	-383	-423	-982	-142.0	0	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	13,498	-185	-135	-88	-12.5	0	Nov 14, 2024	J-GAAP
YoY	+48.9%	+51.7%	+68.1%	+91.0%	+91.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,137	-144	-179	-477	-69.0	-6.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,007	-135	-166	-419	-60.6	-6.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,948	-59	-49	-69	-10.0	-2.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,979	-115	-104	-116	-16.8	-3.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,437	-36	-46	5	0.7	-1.0	Nov 14, 2024	J-GAAP
YoY	+60.8%	+75.0%	+74.3%	－	－