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PORT INC., The Current Fiscal Year Net Income Revised Upward by 6%, Adds to Record High Profit Forecast

Wed Nov 13, 2024 3:30 pm JST Earnings

7047 PORT INC. 【IFRS】

Earnings Report

PORT INC. <7047> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.3% from the same period last year, reaching 960 million yen.

In addition, the full-year consolidated net income has been revised upward by 6.2%, from the previous forecast of 1.85 billion yen to 1.96 billion yen (compared to 1.45 billion yen in the previous period), increasing the growth rate from 27.1% to 35.0%, further surpassing the previous forecast of record-high profits for three consecutive terms.

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 October to March period (second half) is expected to expand by 52.7% from the same period last year, reaching 1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 389 million yen, a 27.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 21.8% in the same period last year to 12.1%.

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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 5,266 792 777 534 48.0 46.9 Nov 14, 2022 IFRS
Apr - Sep, 2023 6,979 1,262 1,231 798 68.9 57.4 Nov 13, 2023 IFRS
Apr - Sep, 2024 9,917 1,567 1,539 960 72.7 50.0 Nov 13, 2024 IFRS
YoY +42.1% +24.2% +25.0% +20.3% +5.5%

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 － 0 May 13, 2024 IFRS
Apr - Sep, 2024 Results 9,917 1,567 1,539 960 72.7 0 Nov 13, 2024 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 21,100 2,900 2,830 1,850 139.1 2.50 May 13, 2024 IFRS
Mar, 2025 New 21,100 3,150 3,080 1,965 147.7 2.50 Nov 13, 2024 IFRS
Revision Rate 0.0% +8.6% +8.8% +6.2% +6.2%

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 8,601 955 915 658 53.4 2 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 11,183 1,583 1,541 1,005 75.6 2.50 Nov 13, 2024 IFRS
YoY +30.0% +65.8% +68.4% +52.7% +41.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,364 1,699 1,658 1,074 96.6 0 May 12, 2023 IFRS
Mar, 2024 15,580 2,217 2,146 1,456 118.2 2 May 13, 2024 IFRS
Mar, 2025 Guidance 21,100 3,150 3,080 1,965 147.7 2.50 Nov 13, 2024 IFRS
YoY +35.4% +42.1% +43.5% +35.0% +24.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,679 801 783 534 46.1 21.8 Nov 13, 2023 IFRS
Oct - Dec, 2023 3,627 340 313 182 15.1 9.4 Feb 13, 2024 IFRS
Jan - Mar, 2024 4,974 615 602 476 38.7 12.4 May 13, 2024 IFRS
Apr - Jun, 2024 4,758 945 930 571 43.3 19.9 Aug 13, 2024 IFRS
Jul - Sep, 2024 5,159 622 609 389 29.5 12.1 Nov 13, 2024 IFRS
YoY +40.2% -22.3% -22.2% -27.2% -36.1%

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