Financial Results
For Q2 of The Fiscal Year Ending March 2024
April 1, 2023 ▶ September 30, 2023
October 27, 2023
Securities Code 4290
⃰This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Executive Summary
Achieved YoY | ◼ | Sales: YoY +9.9% | ||
Sales and Profit Growth | ◼ | Operating Profit: YoY +0.5% | ||
Accelerated Recovery | ◼ Growth in existing businesses offset the reduction in the | |||
From The Pandemic | vaccine related business. | |||
Acquisition of | ◼ Resolved repurchase a total of 800,000 shares (0.62% of total | |||
shares issued) for a total amount of up to 500 million yen at | ||||
Treasury Shares | ||||
the Board of Directors meeting on October 18, 2023. | ||||
© 2023 PRESTIGE International Inc. All Rights Reserved. | 2 |
▍Financial Results Summary for Q2 FY2024.3
▍Financial Results Summary for Q2 FY2024.3 by Segment
▍KPI: Shareholder Returns
▍Appendix
▍Sustainability
© 2023 PRESTIGE International Inc. All Rights Reserved. | 3 |
▍Financial Results Summary for Q2 FY2024.3
© 2023 PRESTIGE International Inc. All Rights Reserved. | 4 |
Summary of Consolidated Results for Q2 FY2024.3
(million yen) | Amounts are rounded down to the nearest whole unit. |
Q2 FY2023.3 Q2 FY2024.3 | YoY | Q2 | Achievement | Full-Year | Achievement |
Ratio | Ratio | ||||
(%) | Forecast | Forecast | |||
Q2 Forecast | Full-Year Forecast | ||||
Sales | 26,179 | 28,763 | +2,583 | 26,500 | 108.5% | 56,500 | 50.9% |
(+9.9%) | |||||||
Operating profit | 3,839 | 3,857 | +17 | 3,800 | 101.5% | 8,200 | 47.0% |
(+0.5%) | |||||||
Ordinary profit | 4,039 | 4,071 | +32 | 4,000 | 101.8% | 8,700 | 46.8% |
(+0.8%) | |||||||
Profit attributable to | 2,458 | 2,357 | -101 | 2,400 | 98.2% | 5,200 | 45.3% |
owners of parent | (-4.1%) | ||||||
- Vaccine-relatedoperations has changed its contract format from this fiscal year, and the scale of consignment has been reduced. Growth in existing businesses offset the decline in sales and profit in vaccine-related operations, etc., resulting in an increase in sales and profit.
- Capturing the demand from the recovery in social and economic activities, the mainstay Automotive Business, as well as the Financial Guarantee Business and the Global Business, performed well.
© 2023 PRESTIGE International Inc. All Rights Reserved. | 5 |
Consolidated P&L Statement for Q2 FY2024.3
(million yen)
Amounts are rounded down to the nearest whole unit.
Q2 FY2023.3
Q2 FY2024.3
Change
YoY(%)
Sales | 26,179 | 28,763 | +2,583 | +9.9% | ||
Cost of sales | 19,849 | 22,059 | +2,209 | +11.1% | ||
Gross profit | 6,329 | 6,704 | +374 | +5.9% | ||
Gross profit margin | 24.2% | 23.3% | (-0.9pt) | ― | ||
SG&A | 2,490 | 2,846 | +356 | +14.3% | ||
Operating profit | 3,839 | 3,857 | +17 | +0.5% | ||
Operating profit margin | 14.7% | 13.4% | (-1.3pt) | ― | ||
Ordinary Profit | 4,039 | 4,071 | +32 | +0.8% | ||
Ordinary profit margin | 15.4% | 14.2% | (-1.2pt) | ― | ||
Profit attributable to | 2,458 | 2,357 | -101 | -4.1% | ||
owners of parent | ||||||
© 2023 PRESTIGE International Inc. All Rights Reserved. | 6 |
Consolidated Balance Sheet As of End of September, 2023
(million yen)
Amounts are rounded down to the nearest whole unit.
End of March
2023
End of September
2023
Change
Change(%)
Current assets | 35,892 | 38,103 | +2,210 | +6.2% |
Non-current assets | 24,380 | 26,984 | +2,603 | +10.7% |
Total assets | 60,273 | 65,087 | +4,814 | +8.0% |
Current liabilities | 15,701 | 17,321 | +1,620 | +10.3% |
Non-current liabilities | 2,753 | 2,922 | +168 | +6.1% |
Total liabilities | 18,455 | 20,244 | +1,789 | +9.7% |
Shareholders' equity | 36,781 | 38,432 | +1,651 | +4.5% |
Accumulated other | 2,297 | 3,426 | +1,128 | +49.1% |
comprehensive income | ||||
Non-controlling | 2,738 | 2,984 | +245 | +9.0% |
interests, etc. | ||||
Total net worth | 41,817 | 44,843 | +3,025 | +7.2% |
Total liabilities and | 60,273 | 65,087 | +4,814 | +8.0% |
equity | ||||
© 2023 PRESTIGE International Inc. All Rights Reserved. | 7 |
Quarterly Sales
(million yen)
Q1 Q2 Q3 Q4
60,000
50,000
40,000
30,000
23,385 24,225
20,000 6,281 6,133
6,010 5,716
10,000 5,838 6,449
5,254 5,926
0
56,500
54,562 (full-year forecast)
46,744 | 14,110 | |||||||||||
42,377 | 40,617 | |||||||||||
12,483 | ||||||||||||
37,196 | 10,672 | |||||||||||
33,119 | 10,568 | |||||||||||
14,272 | ||||||||||||
29,477 | 9,816 | 28,763 | ||||||||||
27,328 | ||||||||||||
8,684 | ||||||||||||
24,619 | 11,967 | |||||||||||
11,016 | ||||||||||||
22,223 | 6,936 | 7,596 | 10,309 | |||||||||
9,478 | ||||||||||||
6,570 | 14,845 | |||||||||||
6,010 | 8,488 | 13,568 | ||||||||||
7,674 | ||||||||||||
6,920 | ||||||||||||
11,599 | ||||||||||||
6,462 | 10,687 | 10,266 | ||||||||||
5,782 | 9,271 | |||||||||||
8,079 | ||||||||||||
6,816 | 7,238 | |||||||||||
5,422 | 6,050 | |||||||||||
12,611 | 13,917 | |||||||||||
10,693 | ||||||||||||
10,001 | 9,473 | |||||||||||
7,866 | 8,630 | |||||||||||
5,007 | 5,536 | 6,654 | 6,967 | |||||||||
FY12.3 | FY13.3 | FY14.3 | FY15.3 | FY16.3 | FY17.3 | FY18.3 | FY19.3 | FY20.3 | FY21.3 | FY22.3 | FY23.3 | FY24.3 |
Due to rounding down fractions, some values may not equal the sum of the separate figures. | ||||||||||||
© 2023 PRESTIGE International Inc. All Rights Reserved. | 8 |
Quarterly Operating Profit
(million yen)
Q1 | Q2 | Q3 | Q4 | OPM(full-year) | ||||||
14.5% | ||||||||||
10,000 | 14.6% 14.4% (full-year forecast) 15.0% |
8,000
6,000
4,000
2,000
0
12.6% | 12.8% | 12.8% | 12.6% | 12.9% | 8,200 | ||
12.0% | 12.2% | 11.7% | 7,840 | (full-year forecast) | |||
11.2% | 12.0% | ||||||
9.8% | 6,842 | 1,799 | |||||||||||||
5,233 | 1,918 | 9.0% | |||||||||||||
4,959 | |||||||||||||||
4,687 | 2,201 | ||||||||||||||
4,230 | 1,374 | ||||||||||||||
3,768 | 1,179 | 3,857 | |||||||||||||
1,860 | 6.0% | ||||||||||||||
3,345 | 1,491 | ||||||||||||||
2,952 | 1,368 | ||||||||||||||
2,809 | 1,064 | 1,247 | |||||||||||||
2,621 | 1,362 | ||||||||||||||
2,380 | 966 | 1,953 | 1,967 | ||||||||||||
762 | 1,193 | ||||||||||||||
746 | 1,051 | ||||||||||||||
891 | 926 | 1,579 | |||||||||||||
720 | 737 | 858 | 1,128 | 1,314 | 3.0% | ||||||||||
782 | |||||||||||||||
468 | 1,023 | ||||||||||||||
619 | 877 | 877 | |||||||||||||
672 | 790 | 745 | 1,886 | 1,889 | |||||||||||
605 | 651 | 1,484 | |||||||||||||
978 | 1,289 | 1,296 | |||||||||||||
540 | 609 | 661 | 775 | 899 | 933 | ||||||||||
504 | |||||||||||||||
0.0% | |||||||||||||||
FY12.3 | FY13.3 | FY14.3 | FY15.3 | FY16.3 | FY17.3 | FY18.3 | FY19.3 | FY20.3 | FY21.3 | FY22.3 | FY23.3 | FY24.3 | |||
Due to rounding down fractions, some values may not equal the sum of the separate figures.
© 2023 PRESTIGE International Inc. All Rights Reserved. | 9 |
▍Financial Results Summary for Q2 FY2024.3 by Segment
© 2023 PRESTIGE International Inc. All Rights Reserved. | 10 |
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Prestige International Inc. published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 08:27:41 UTC.