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PARKER CORPORATION, First Half Ordinary Profit Decreases by 20%, July-September Ordinary Profit Decreases by 33%

Tue Nov 5, 2024 4:00 pm JST Earnings

9845 PARKER CORPORATION 【J-GAAP】

Earnings Report

PARKER CORPORATION <9845> [TSE-S] announced its financial results after the market closed on November 5th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.6% from the same period last year to 1.85 billion yen. The progress rate against the 4.4 billion yen full-year plan was 42.3%, almost the same as the five-year average of 41.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 6.2% from the same period last year to 2.54 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 763 million yen, a 33.0% decrease compared to the same period last year. However, the operating profit margin improved from 5.7% in the same period last year to 6.2%.

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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 27,388 1,460 1,665 1,057 42.2 43.7 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 32,427 2,092 2,312 2,332 93.3 46.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 35,067 2,207 1,859 1,330 53.2 42.3 Nov 5, 2024 J-GAAP
YoY +8.1% +5.5% -19.6% -43.0% -43.0%

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 － 12.50 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 35,067 2,207 1,859 1,330 53.2 12.50 Nov 5, 2024 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
Oct - Mar, 2023 35,306 2,463 2,710 1,269 50.7 11 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 38,933 1,993 2,541 1,770 70.7 12.50 Nov 5, 2024 J-GAAP
YoY +10.3% -19.1% -6.2% +39.5% +39.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 56,786 3,655 3,809 2,478 99.0 18 May 11, 2023 J-GAAP
Mar, 2024 67,733 4,555 5,022 3,601 144.0 22 May 9, 2024 J-GAAP
Mar, 2025 Guidance 74,000 4,200 4,400 3,100 123.9 25 May 9, 2024 J-GAAP
YoY +9.3% -7.8% -12.4% -13.9% -14.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,932 1,027 1,138 715 28.6 5.7 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 19,113 1,558 1,597 466 18.6 8.2 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 16,193 905 1,113 803 32.1 5.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 16,904 1,075 1,096 746 29.9 6.4 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 18,163 1,132 763 584 23.3 6.2 Nov 5, 2024 J-GAAP
YoY +1.3% +10.2% -33.0% -18.3% -18.4%

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