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PALTAC, First Half Ordinary Profit Revised Downward to an Unexpected 4%Decrease
8283 PALTAC CORPORATION 【J-GAAP】
Earnings ReportPALTAC CORPORATION <8283> [TSE Prime] announced its financial results after the market closed on November 4th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 3.6% from the same period last year to 15.6 billion yen, resulting in a decrease in profits compared to the previous forecast of a 0.1% increase.
Progress toward the full-year plan of 32.2 billion yen was 48.5%, almost the same as the five-year average of 50.7%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow 7.0% from the same period last year, reaching 16.5 billion yen.
In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 7.08 billion yen, a 10.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 583,420 | 13,769 | 15,613 | 10,892 | 173.3 | 51.1 | Oct 30, 2023 | J-GAAP |
| Apr - Sep, 2024 | 600,427 | 13,977 | 16,180 | 11,896 | 189.5 | 51.1 | Oct 28, 2024 | J-GAAP |
| Apr - Sep, 2025 | 625,135 | 13,894 | 15,605 | 11,137 | 180.7 | 48.5 | Nov 4, 2025 | J-GAAP |
| YoY | +4.1% | -0.6% | -3.6% | -6.4% | -4.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 622,000 | 14,600 | 16,200 | 11,100 | 180.3 | 57 | May 12, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 625,135 | 13,894 | 15,605 | 11,137 | 180.7 | 57 | Nov 4, 2025 | J-GAAP |
| Revision Rate | +0.5% | -4.8% | -3.7% | +0.3% | +0.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 587,670 | 14,031 | 15,504 | 10,968 | 175.8 | 55 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 604,865 | 15,106 | 16,595 | 10,863 | 177.6 | 63 | Nov 4, 2025 | J-GAAP |
| YoY | +2.9% | +7.7% | +7.0% | -1.0% | +1.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,151,966 | 27,172 | 30,545 | 20,638 | 328.4 | 94 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 1,188,097 | 28,008 | 31,684 | 22,864 | 366.5 | 105 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,230,000 | 29,000 | 32,200 | 22,000 | 359.6 | 120 | May 12, 2025 | J-GAAP |
| YoY | +3.5% | +3.5% | +1.6% | -3.8% | -1.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 297,513 | 6,549 | 7,875 | 5,820 | 92.7 | 2.2 | Oct 28, 2024 | J-GAAP |
| Oct - Dec, 2024 | 310,637 | 8,462 | 9,237 | 6,386 | 102.0 | 2.7 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 277,033 | 5,569 | 6,267 | 4,582 | 73.4 | 2.0 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 316,047 | 7,623 | 8,519 | 6,240 | 101.2 | 2.4 | Aug 4, 2025 | J-GAAP |
| Jul - Sep, 2025 | 309,088 | 6,271 | 7,086 | 4,897 | 79.5 | 2.0 | Nov 4, 2025 | J-GAAP |
| YoY | +3.9% | -4.2% | -10.0% | -15.9% | -14.3% |
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