HKS CO.,LTD., 16% Decrease in Ordinary Profit for The Current Fiscal Year

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Fri Oct 11, 2024 3:30 pm JST Earnings

7219 HKS CO.,LTD. 【J-GAAP】

Earnings Report

HKS CO.,LTD. <7219> [TSE-S] announced its financial results after the market closed on October 11th (15:30). The consolidated ordinary profit for the fiscal year ending August 2024 dropped by 34.3% from the previous period to 476 million yen. For the fiscal year ending August 2025, the profit is expected to decrease by 16.0% from the previous period to 400 million yen.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit significantly dropped to 91 million yen, a 64.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.7% in the same period last year to 4.5%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	8,629	532	720	496	350.7	50	Oct 14, 2022	J-GAAP
Aug, 2023	9,241	637	725	451	318.8	80	Oct 13, 2023	J-GAAP
Aug, 2024	9,004	418	476	347	245.8	65	Oct 11, 2024	J-GAAP
YoY	-2.6%	-34.4%	-34.3%	-23.1%	-22.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	9,400	530	540	360	254.4	65	Oct 13, 2023	J-GAAP
Aug, 2024 Results	9,004	418	476	347	245.8	65	Oct 11, 2024	J-GAAP
Revision Rate	-4.2%	-21.1%	-11.9%	-3.6%	-3.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	4,209	112	154	122	86.8	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,310	45	55	35	24.7	0	Oct 11, 2024	J-GAAP
YoY	+2.4%	-59.8%	-64.3%	-71.3%	-71.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	9,241	637	725	451	318.8	80	Oct 13, 2023	J-GAAP
Aug, 2024	9,004	418	476	347	245.8	65	Oct 11, 2024	J-GAAP
Aug, 2025 Guidance	9,330	390	400	300	212.0	65	Oct 11, 2024	J-GAAP
YoY	+3.6%	-6.7%	-16.0%	-13.5%	-13.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,491	191	253	155	109.6	7.7	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	2,051	37	66	38	26.9	1.8	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,158	75	88	84	59.8	3.5	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,282	193	231	161	114.2	8.5	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,513	113	91	64	45.3	4.5	Oct 11, 2024	J-GAAP
YoY	+0.9%	-40.8%	-64.0%	-58.7%	-58.6%