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People Co., Ltd., First Half Ordinary Profit Turns to Loss, 2Q (May-July) Ordinary Profit Turns to Loss

Fri Aug 30, 2024 5:00 pm JST Earnings

7865 People Co., Ltd. 【J-GAAP】

Earnings Report

People Co., Ltd. <7865> [TSE-S] announced its financial results after the market closed on August 30th (17:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2025 (February to July) turned into a loss of 144 million yen (compared to a profit of 97 million yen in the same period last year).

In the most recent three-month period, from May to July (2Q), the ordinary profit/loss turned to a loss of 94 million yen (compared to a profit of 91 million yen in the same period last year). The operating profit/loss margin drastically worsened from 6.4% in the same period last year to -28.7%.

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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
Feb - Jul, 2022 4,120 406 398 276 63.1 77.6 Sep 1, 2022 J-GAAP
Feb - Jul, 2023 2,394 90 97 67 15.3 21.6 Aug 31, 2023 J-GAAP
Feb - Jul, 2024 718 -147 -144 -150 -34.4 Aug 30, 2024 J-GAAP
YoY -70.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 702 -144 -144 -144 -32.9 0 Jun 3, 2024 J-GAAP
Feb - Jul, 2024 Results 718 -147 -144 -150 -34.4 0 Aug 30, 2024 J-GAAP
Revision Rate +2.3% -2.1% 0.0% -4.2% -4.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 2,959 341 352 246 56.2 48 Mar 1, 2024 J-GAAP
Aug - Jan, 2024 Guidance Mar 1, 2024 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 7,444 518 513 356 81.3 58 Mar 3, 2023 J-GAAP
Jan, 2024 5,353 431 449 313 71.5 48 Mar 1, 2024 J-GAAP
Jan, 2025 Guidance Mar 1, 2024 J-GAAP
YoY

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,383 89 91 63 14.4 6.4 Aug 31, 2023 J-GAAP
Aug - Oct, 2023 1,998 303 314 220 50.2 15.2 Dec 1, 2023 J-GAAP
Nov - Jan, 2023 961 38 38 26 5.9 4.0 Mar 1, 2024 J-GAAP
Feb - Apr, 2024 380 -50 -50 -59 -13.4 -13.2 Jun 3, 2024 J-GAAP
May - Jul, 2024 338 -97 -94 -91 -20.9 -28.7 Aug 30, 2024 J-GAAP
YoY -75.6%

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