Jul 26 Consolidated Results First Quarter Fiscal Year 2025

Jul 26, 2024 at 7:26 AM UTC · Issued by Prestige International Inc.

Financial Results｜Q1

Fiscal Year Ending March 2025

2024.04.01 - 2024.06.30

July 26, 2024

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

Started New Fiscal Year	◼ Existing business remained steady
with Sales Increase	◼ Profit decrease within forecasted range due to the
and Profit Decrease	completion of vaccine-related operations


Impact of	◼ Operating profit excluding vaccine-related operations
Vaccine-Related Operations	remained steady, even after taking into account the

on Operating Profit	completion of the operations and ongoing wage revisions.
*P27: Reference｜ Impact of Vaccine-Related Operations on Financial Results



Flexible Expansion of	◼ Opened the 500-seat Iwate BPO Fortress
◼ Opened two satellite centers (approx. 100 to 150 seats)
The Sites
*P22: Creating Growth Potential

▍Financial Results Summary for Q1 FY2025.3

▍Financial Results Summary for Q1 FY2025.3 by Segment

▍Sustainability

▍Appendix

▍Financial Results Summary for Q1 FY2025.3

Summary of Consolidated Results｜FY2025.3｜Q1

(million yen)

FY2024.3｜Q1

FY2025.3｜Q1

Amounts are rounded down to the nearest whole unit.

YoY	Full-Year	Progress(%)
(%)	Forecast	vs. Full-Year Forecast

Sales	13,917	15,048	+1,131	63,000	23.9%
	(+8.1%)


Operating profit	1,889	1,729	-160	8,000	21.6%
	(-8.5%)


Ordinary profit	1,965	1,668	-296	8,500	19.6%
	(-15.1%)


Profit attributable to	1,074	785	-288	5,300	14.8%
owners of parent		(-26.9%)


◼	Sales	Continued growth, thanks to the growth in the core Automotive Business, as well as solid
		performances in the Property, Global and Financial Guarantee Businesses.
◼	Operating Profit	Profit decreased within the forecasted range due to the completion of vaccine-related operations,
		which was a temporary factor.
◼	Ordinary Profit	Profit decreased due to foreign exchange losses and a loss at an affiliate accounted for by the
		equity method.
◼	Profit attributable to	Profit decreased due to deferred tax liabilities resulting from asset retirement obligations resulting
	owners of parent	from the completion of Iwate BPO Fortress.

Consolidated P&L Statement｜FY2025.3｜Q1

(million yen)			Amounts are rounded down to the nearest whole unit.

	FY2024.3｜Q1	FY2025.3｜Q1	Change	YoY(%)

Sales	13,917	15,048	+1,131	+8.1%

Cost of sales	10,663	11,835	+1,171	+11.0%

Gross profit	3,254	3,213	-40	-1.3%

Gross profit margin	23.4%	21.4%	(-2.0pt)	―

SG&A	1,364	1,483	+119	+9.9%

Operating profit	1,889	1,729	-160	-8.5%

Operating profit margin	13.6%	11.5%	(-2.1pt)	―

Ordinary Profit	1,965	1,668	-296	-15.1%

Ordinary profit margin	14.1%	11.1%	(-3.0pt)	―

Profit attributable to	1,074	785	-288	-26.9%
owners of parent

Consolidated Balance Sheet｜As of End of June, 2024

(million yen)			Amounts are rounded down to the nearest whole unit.

	End of March	End of June	Change	Change(%)
	2024	2024


Current assets	40,740	41,143	+402	+1.0%

Non-current assets	27,096	28,221	+1,125	+4.2%

Total assets	67,836	69,364	+1,528	+2.3%

Current liabilities	17,778	18,257	+478	+2.7%

Non-current liabilities	2,832	3,091	+258	+9.1%

Total liabilities	20,611	21,348	+737	+3.6%

Shareholders' equity	40,603	40,633	+29	+0.1%

Accumulated other	3,418	4,150	+732	+21.4%
comprehensive income


Non-controlling	3,203	3,232	+29	+0.9%
interests, etc.


Total net worth	47,224	48,016	+791	+1.7%

Total liabilities and	67,836	69,364	+1,528	+2.3%
equity

Quarterly Sales

(million yen)

	Q1			Q2		Q3			Q4													63,000



																						(forecast)
60,000																				58,738


																			54,562
50,000																46,744					14,993


																			14,110
																42,377
40,000													37,196	40,617	12,483

											33,119	10,672	10,568				14,981


																		14,272
													29,477		9,816
30,000										27,328
								24,619	8,684				11,967
				23,385	24,225					11,016
				22,223	6,936	7,596		9,478	10,309					14,845

										6,570
				6,281	6,133				8,488
20,000		6,010							13,568
						7,674
											6,920										15,048
																11,599
				6,010	5,716		6,462				10,687	10,266
				5,782			8,079	9,271

10,000										6,816	7,238
	5,838	6,449	5,422	6,050												15,048
											12,611	13,917
												10,001	9,473	10,693
														7,866	8,630
							5,926		5,536	6,654	6,967
				5,254	5,007
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	FY25.3

Due to rounding down fractions, some values may not equal the sum of the separate figures.

Quarterly Operating Profit

(million yen)

Q1 Q2 Q3 Q4 OPM(full-year)

10,000	12.6%		12.2%
		12.0%

	11.2%
8,000	9.8%

6,000

4,000					3,345
				2,952
	2,621		2,809
	2,380		966
		762
		746
	891
	720
2,000		737	858
	782
	619	468

		790	745
	605	651	672
		775
0	504	540	609	661

12.8%

3,768

1,064

926

877

899

12.8%

4,230

1,368

1,051

877

933

12.6%

11.7%

4,687 4,959

1,179

1,491

1,362

1,193

1,128

1,023

978 1,289

12.9%

5,233

1,374

1,247

1,314

1,296

14.6%	14.4%
	13.5%	12.7%

		(forecast)

8,000

	7,840	7,921	(forecast)

6,842		1,799		2,066

1,918
	2,201
		1,997

1,860
	1,953	1,967
1,579					1,729

1,484 1,886 1,889 1,729

12.0%

9.0%

6.0%

3.0%

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 FY25.3

Due to rounding down fractions, some values may not equal the sum of the separate figures.

▍Financial Results Summary for Q1 FY2025.3 by Segment