HIDAY HIDAKA Corp., First Half Ordinary Profit Increases by 11%

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Fri Oct 4, 2024 3:00 pm JST Earnings

7611 HIDAY HIDAKA Corp. 【J-GAAP】

Earnings Report

HIDAY HIDAKA Corp. <7611> [TSE-P] announced its financial results after the market closed on October 4th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 10.5% from the same period last year, reaching 2.82 billion yen. The progress rate against the 5.2 billion yen full-year plan was 54.3%, it was below the five-year average of 58.4%.

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 grow by 8.0% from the same period last year, reaching 2.37 billion yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit grew by 9.9% from the same period last year, reaching 1.33 billion yen. However, the operating profit margin remained almost flat, changing from 9.8% in the same period last year to 9.7%.

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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	17,606	-195	1,637	1,033	27.2	66.3	Oct 7, 2022	J-GAAP
Mar - Aug, 2023	23,796	2,402	2,555	1,730	45.6	53.7	Oct 6, 2023	J-GAAP
Mar - Aug, 2024	26,881	2,780	2,824	1,887	49.7	54.3	Oct 4, 2024	J-GAAP
YoY	+13.0%	+15.7%	+10.5%	+9.1%	+9.1%

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	25,500	2,600	2,600	1,750	46.1	18	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	26,881	2,780	2,824	1,887	49.7	18	Oct 4, 2024	J-GAAP
Revision Rate	+5.4%	+6.9%	+8.6%	+7.8%	+7.9%

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	24,976	2,235	2,201	1,503	39.6	18	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	25,119	2,420	2,376	1,613	42.5	18	Oct 4, 2024	J-GAAP
YoY	+0.6%	+8.3%	+8.0%	+7.3%	+7.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	38,168	615	2,470	1,519	40.0	24	Apr 12, 2023	J-GAAP
Feb, 2024	48,772	4,637	4,756	3,233	85.2	35	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	52,000	5,200	5,200	3,500	92.2	36	Apr 12, 2024	J-GAAP
YoY	+6.6%	+12.1%	+9.3%	+8.3%	+8.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	12,067	1,182	1,215	820	21.6	9.8	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	12,299	1,241	1,223	819	21.6	10.1	Jan 5, 2024	J-GAAP
Dec - Feb, 2023	12,677	994	978	684	18.0	7.8	Apr 12, 2024	J-GAAP
Mar - May, 2024	13,350	1,471	1,489	992	26.1	11.0	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	13,531	1,309	1,335	895	23.6	9.7	Oct 4, 2024	J-GAAP
YoY	+12.1%	+10.7%	+9.9%	+9.1%	+9.2%