HALOWS CO.,LTD., First Half Ordinary Profit Increases by 14%, June-Augus Ordinary Profit Increases by 8%

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Fri Sep 27, 2024 3:00 pm JST Earnings

2742 HALOWS CO.,LTD. 【J-GAAP】

Earnings Report

HALOWS CO.,LTD. <2742> [TSE-P] announced its financial results after the market closed on September 27th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 14.3% from the same period last year, reaching 5.75 billion yen. The progress rate against the 10.9 billion yen full-year plan was 52.6%, also surpassing the five-year average of 47.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to decrease by 11.4% from the same period last year to 5.19 billion yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit grew by 8.4% from the same period last year, reaching 2.8 billion yen. However, the operating profit margin remained almost flat, changing from 5.2% in the same period last year to 5.2%.

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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
Mar - Aug, 2022	85,216	4,330	4,338	2,955	138.4	47.5	Sep 28, 2022	J-GAAP
Mar - Aug, 2023	95,488	5,043	5,039	3,437	160.9	46.2	Sep 28, 2023	J-GAAP
Mar - Aug, 2024	103,292	5,749	5,759	3,997	187.1	52.6	Sep 27, 2024	J-GAAP
YoY	+8.2%	+14.0%	+14.3%	+16.3%	+16.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	99,196	5,270	5,250	3,560	166.6	26	Apr 11, 2024	J-GAAP
Mar - Aug, 2024 Results	103,292	5,749	5,759	3,997	187.1	26	Sep 27, 2024	J-GAAP
Revision Rate	+4.1%	+9.1%	+9.7%	+12.3%	+12.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	99,956	5,827	5,857	5,152	241.2	26	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	98,463	5,211	5,191	3,423	160.1	26	Sep 27, 2024	J-GAAP
YoY	-1.5%	-10.6%	-11.4%	-33.6%	-33.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	174,107	9,052	9,141	6,201	290.3	42	Apr 11, 2023	J-GAAP
Feb, 2024	195,444	10,870	10,896	8,589	402.1	46	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	201,755	10,960	10,950	7,420	347.0	52	Apr 11, 2024	J-GAAP
YoY	+3.2%	+0.8%	+0.5%	-13.6%	-13.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	49,498	2,592	2,590	1,775	83.1	5.2	Sep 28, 2023	J-GAAP
Sep - Nov, 2023	49,055	2,700	2,718	1,856	86.9	5.5	Dec 27, 2023	J-GAAP
Dec - Feb, 2023	50,901	3,127	3,139	3,296	154.3	6.1	Apr 11, 2024	J-GAAP
Mar - May, 2024	49,736	2,950	2,952	2,051	96.0	5.9	Jun 27, 2024	J-GAAP
Jun - Aug, 2024	53,556	2,799	2,807	1,946	91.1	5.2	Sep 27, 2024	J-GAAP
YoY	+8.2%	+8.0%	+8.4%	+9.6%	+9.6%