PRONEXUS (7893) Q3 2024 earnings summary

Executive summary

• 9M FY2024 revenue rose 13.0% YoY to ¥23,991m; operating profit increased 25.8% to ¥3,121m and profit attributable to owners of parent rose 26.3% to ¥2,208m.

• Acquisitions in the event business and growth across product areas supported results, with higher revenue more than offsetting labor and launch costs.

Financial highlights

• Revenue increased ¥2,760m YoY; operating profit rose ¥640m, profit before tax ¥614m and profit attributable to owners of parent ¥460m.

• Gross profit was ¥9,206m, up 14.8% YoY; cost of sales rose 11.9% to ¥14,785m and SG&A increased 10.1% to ¥6,139m.

• Cash and cash equivalents increased ¥1,847m from March 31, 2023 to ¥9,421m at Dec. 31, 2023; total assets rose ¥1,229m to ¥38,147m.

Outlook and guidance

• Full-year consolidated earnings forecasts announced May 11, 2023 remain unchanged due to uncertainties; forecasts include revenue of ¥30,000m, operating profit of ¥2,400m and parent profit of ¥1,650m.

• FY2024 annual dividend forecast is ¥36 per share, comprising ¥18 at the second-quarter end and ¥18 at year-end.