Pia Corp. reported its consolidated financial results for the first quarter of fiscal 2025, ending in March 2025. The company recorded sales of 10.27 billion yen (USD 72.3 million), a 4.0% increase from the same period last year, driven by robust ticket sales for nationwide tours, festivals, and sports events. This performance resulted in transaction-based sales exceeding 70 billion yen, the highest recorded for a quarter.
However, operating profit fell to 665 million yen (USD 4.7 million), a 26.8% decline, and ordinary profit decreased to 649 million yen (USD 4.6 million), down 29.6% from last year. Net profit dropped by 32.3% to 606 million yen (USD 4.3 million). The decline in profits was attributed to increased investment in new businesses and human capital, including salary hikes.
Pia hosted a variety of high-profile events, such as concerts by Mr.Children and NewJeans, and major festivals like ROCK IN JAPAN FESTIVAL. Media products contributed with popular series and books.
For fiscal 2025, Pia forecasts sales of 40 billion yen (USD 281.5 million), a 1.0% rise, and operating profit growth of 15.7% to 1.4 billion yen (USD 9.8 million). However, net profit is expected to fall by 28.5% to 800 million yen (USD 5.6 million), reflecting the company’s strategic focus on long-term growth investments. Current progress rates for the fiscal year show operating and ordinary profits are nearing half of their targets, while net profit progress has reached 75.8%.
