PROGRIT, First Half Ordinary Profit Increases by 52%, Dec-Feb Ordinary Profit Increases by 71%

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Wed Apr 9, 2025 3:30 pm JST Earnings

9560 PROGRIT Inc. 【J-GAAP】

Earnings Report

PROGRIT Inc. <9560> [TSE Growth] announced its financial results after the market closed on April 9th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending August 2025 (September 2024 to February 2025) expanded 0.8 billion yen, an increase 51.5% compared to the same period last year. The progress rate toward the full-year plan of 1.07 billion yen was 74.9%, also surpassing the progress rate of 64.9% from the same period of the previous year.

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 March to August period (2H) is expected to decrease 6.3% from the same period last year to 0.26 billion yen.

In the most recent three-month period, from December to February (2Q), the ordinary profit increased 71.3% from the same period last year, reaching 0.35 billion yen. The operating profit margin rose from 21.4% in the same period last year to 25.6%.

Kabutan News

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
Sep - Feb, 2022	1,351	282	277	188	16.6	56.3	Apr 14, 2023	J-GAAP
Sep - Feb, 2023	2,045	539	530	395	32.9	64.9	Apr 10, 2024	J-GAAP
Sep - Feb, 2024	2,809	800	803	587	47.0	74.9	Apr 9, 2025	J-GAAP
YoY	+37.4%	+48.4%	+51.5%	+48.6%	+42.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Guidance	ー	ー	ー	ー	－	0	Oct 9, 2024	J-GAAP
Sep - Feb, 2024 Results	2,809	800	803	587	47.0	0	Apr 9, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024	2,408	285	287	215	17.6	13	Oct 9, 2024	J-GAAP
Mar - Aug, 2025 Guidance	2,891	270	269	197	15.6	18	Apr 9, 2025	J-GAAP
YoY	+20.1%	-5.3%	-6.3%	-8.4%	-11.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	3,023	497	492	360	31.3	0	Oct 12, 2023	J-GAAP
Aug, 2024	4,453	824	817	610	49.9	13	Oct 9, 2024	J-GAAP
Aug, 2025 Guidance	5,700	1,070	1,072	784	62.0	18	Oct 9, 2024	J-GAAP
YoY	+28.0%	+29.9%	+31.2%	+28.5%	+24.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	1,020	218	209	175	14.6	21.4	Apr 10, 2024	J-GAAP
Mar - May, 2024	1,134	205	205	142	11.7	18.1	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	1,274	80	82	73	6.0	6.3	Oct 9, 2024	J-GAAP
Sep - Nov, 2024	1,421	445	445	327	26.3	31.3	Jan 14, 2025	J-GAAP
Dec - Feb, 2024	1,388	355	358	260	20.8	25.6	Apr 9, 2025	J-GAAP
YoY	+36.1%	+62.8%	+71.3%	+48.6%	+42.7%