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PARAMOUNT BED HOLDINGS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 14%

Wed Oct 30, 2024 3:00 pm JST Earnings

7817 PARAMOUNT BED HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

PARAMOUNT BED HOLDINGS CO.,LTD. <7817> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 55.8% from the same period last year to 3.45 billion yen, fell short of the previous forecast of 5.45 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 13.8%, from the previous forecast of 14.5 billion yen to 12.5 billion yen (compared to 15.9 billion yen in the previous period), leading to an increase in the profit decline rate from 8.9% to 21.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 11.7% from the same period last year, reaching 9.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.31 billion yen, a 63.8% decrease compared to the same period last year. The operating profit margin decreased from 12.7% in the same period last year to 9.8%.

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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 46,850 6,218 7,601 5,044 86.7 53.8 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 49,720 6,480 7,819 5,298 90.9 49.1 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 48,674 4,099 3,454 2,272 39.6 27.6 Oct 30, 2024 J-GAAP
YoY -2.1% -36.7% -55.8% -57.1% -56.5%

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 51,000 5,200 5,450 3,850 66.8 48 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 48,674 4,099 3,454 2,272 39.6 48 Oct 30, 2024 J-GAAP
Revision Rate -4.6% -21.2% -36.6% -41.0% -40.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 112,000 14,000 14,500 10,100 180.1 97 May 13, 2024 J-GAAP
Mar, 2025 New 108,000 13,000 12,500 8,500 151.6 97 Oct 30, 2024 J-GAAP
Revision Rate -3.6% -7.1% -13.8% -15.8% -15.8%

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 56,296 7,338 8,101 5,324 91.5 34 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 59,326 8,901 9,046 6,228 111.1 49 Oct 30, 2024 J-GAAP
YoY +5.4% +21.3% +11.7% +17.0% +21.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 99,009 13,452 14,139 9,215 158.4 59 May 11, 2023 J-GAAP
Mar, 2024 106,016 13,818 15,920 10,622 182.6 65 May 13, 2024 J-GAAP
Mar, 2025 Guidance 108,000 13,000 12,500 8,500 151.6 97 Oct 30, 2024 J-GAAP
YoY +1.9% -5.9% -21.5% -20.0% -17.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25,402 3,222 3,641 2,439 41.8 12.7 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 23,332 2,032 1,687 1,273 21.8 8.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 32,964 5,306 6,414 4,051 69.6 16.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 23,145 1,593 2,136 1,566 27.3 6.9 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 25,529 2,506 1,318 706 12.3 9.8 Oct 30, 2024 J-GAAP
YoY +0.5% -22.2% -63.8% -71.1% -70.6%

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