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Premium Group Co.,Ltd., First Half Net Income Increases by 34%

Fri Oct 25, 2024 3:00 pm JST Earnings

7199 Premium Group Co.,Ltd. 【IFRS】

Earnings Report

Premium Group Co.,Ltd. <7199> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 25th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.77 billion yen, an increase of 34.3% compared to the same period last year. The progress rate against the 5.4 billion yen full-year plan was 51.3%, it was below the five-year average of 67.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 3.3% from the same period last year, reaching 2.62 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 50.9% from the same period last year, reaching 1.49 billion yen. The operating profit margin jumped from 17.9% in the same period last year to 23.6%.

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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 11,982 2,375 3,461 2,641 68.3 64.8 Oct 28, 2022 IFRS
Apr - Sep, 2023 15,056 2,763 2,824 2,064 53.0 45.2 Oct 27, 2023 IFRS
Apr - Sep, 2024 18,092 4,050 4,076 2,771 73.1 50.9 Oct 25, 2024 IFRS
YoY +20.2% +46.6% +44.3% +34.3% +37.8%

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 － 20 Apr 26, 2024 IFRS
Apr - Sep, 2024 Results 18,092 4,050 4,076 2,771 73.1 20 Oct 25, 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 16,490 3,432 3,417 2,544 65.9 15 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 21,908 ー 3,924 2,629 69.1 20 Oct 25, 2024 IFRS
YoY +32.9% － +14.8% +3.3% +4.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 25,465 4,245 5,344 3,994 103.2 21 May 2, 2023 IFRS
Mar, 2024 31,546 6,195 6,241 4,608 119.4 28 Apr 26, 2024 IFRS
Mar, 2025 Guidance 40,000 ー 8,000 5,400 142.0 40 Apr 26, 2024 IFRS
YoY +26.8% － +28.2% +17.2% +18.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,823 1,398 1,416 992 25.5 17.9 Oct 27, 2023 IFRS
Oct - Dec, 2023 7,919 1,645 1,631 1,139 29.4 20.8 Jan 31, 2024 IFRS
Jan - Mar, 2024 8,571 1,787 1,786 1,405 36.4 20.8 Apr 26, 2024 IFRS
Apr - Jun, 2024 8,674 1,823 1,876 1,274 33.6 21.0 Jul 26, 2024 IFRS
Jul - Sep, 2024 9,418 2,227 2,200 1,497 39.5 23.6 Oct 25, 2024 IFRS
YoY +20.4% +59.3% +55.4% +50.9% +54.9%

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