Howtelevision, Inc., First Half Ordinary Profit Increases by 35%, 2Q (May-July) Ordinary Profit Increases by 21%

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Wed Sep 11, 2024 3:00 pm JST Earnings

7064 Howtelevision, Inc. 【J-GAAP】

Earnings Report

Howtelevision, Inc. <7064> [TSE-G] announced its financial results after the market closed on September 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) expanded to 292 million yen, an increase of 35.2% compared to the previous period. This progress accounts for 65.5% of the full-year plan of 446 million yen, almost the same as the five-year average of 66.4%.

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 August to January period (second half) is expected to decrease by 18.1% from the previous period to 154 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew by 21.1% from the same period last year, reaching 322 million yen. However, the operating profit margin decreased from 42.3% in the same period last year to 41.4%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

Kabutan News

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
Feb - Jul, 2022	761	225	225	172	130.3	57.0	Sep 7, 2022	J-GAAP
Feb - Jul, 2023	917	217	216	155	115.0	53.5	Sep 6, 2023	J-GAAP
Feb - Jul, 2024	1,140	293	292	184	135.1	65.5	Sep 11, 2024	J-GAAP
YoY	+24.3%	+35.0%	+35.2%	+18.7%	+17.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	ー	ー	ー	ー	－	0	Mar 6, 2024	J-GAAP
Feb - Jul, 2024 Results	1,140	293	292	184	135.1	0	Sep 11, 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
Aug - Jan, 2023	925	189	188	145	107.4	0	Mar 6, 2024	J-GAAP
Aug - Jan, 2024 Guidance	1,250	157	154	119	87.5	0	Sep 11, 2024	J-GAAP
YoY	+35.1%	-16.9%	-18.1%	-17.9%	-18.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	1,543	396	395	283	212.0	0	Mar 8, 2023	J-GAAP
Jan, 2024	1,842	406	404	300	222.2	0	Mar 6, 2024	J-GAAP
Jan, 2025 Guidance	2,390	450	446	303	222.7	0	Mar 6, 2024	J-GAAP
YoY	+29.8%	+10.8%	+10.4%	+1.0%	+0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	631	267	266	174	129.1	42.3	Sep 6, 2023	J-GAAP
Aug - Oct, 2023	434	71	71	47	34.9	16.4	Dec 6, 2023	J-GAAP
Nov - Jan, 2023	491	118	117	98	72.6	24.0	Mar 6, 2024	J-GAAP
Feb - Apr, 2024	362	-29	-30	-22	-16.5	-8.0	Jun 12, 2024	J-GAAP
May - Jul, 2024	778	322	322	206	151.3	41.4	Sep 11, 2024	J-GAAP
YoY	+23.3%	+20.6%	+21.1%	+18.4%	+17.2%