HUB CO.,LTD., First Half Ordinary Profit Increases by 56%

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Fri Oct 11, 2024 5:00 pm JST Earnings

3030 HUB CO.,LTD. 【J-GAAP】

Earnings Report

HUB CO.,LTD. <3030> [TSE-S] announced its financial results after the market closed on October 11th (17:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 265 million yen, an increase of 55.9% compared to the same period last year, exceeded the previous forecast of 210 million yen.

However, The progress rate against the 420 million yen full-year plan was 63.1%, below the same period of the previous year of 66.7%.

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 expand by 82.4% from the same period last year, reaching 155 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit surged to 2.4 times that of the same period last year, reaching 164 million yen. The operating profit margin significantly improved from 3.0% in the same period last year to 6.1%.

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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	3,387	-485	-498	-197	-15.7	ー	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	4,867	183	170	158	12.6	66.7	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	5,432	275	265	252	20.0	63.1	Oct 11, 2024	J-GAAP
YoY	+11.6%	+50.3%	+55.9%	+59.5%	+58.7%

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	5,500	240	210	170	13.5	0	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	5,432	275	265	252	20.0	0	Oct 11, 2024	J-GAAP
Revision Rate	-1.2%	+14.6%	+26.2%	+48.2%	+48.2%

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	4,913	94	85	112	8.9	6	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	5,668	185	155	118	9.4	9	Oct 11, 2024	J-GAAP
YoY	+15.4%	+96.8%	+82.4%	+5.4%	+5.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	7,550	-541	-561	-283	-22.6	0	Apr 14, 2023	J-GAAP
Feb, 2024	9,780	277	255	270	21.5	6	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	11,100	460	420	370	29.4	9	Apr 12, 2024	J-GAAP
YoY	+13.5%	+66.1%	+64.7%	+37.0%	+36.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,406	72	67	33	2.6	3.0	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	2,440	51	47	58	4.6	2.1	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,473	43	38	54	4.3	1.7	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,674	107	101	93	7.5	4.0	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	2,758	168	164	159	12.6	6.1	Oct 11, 2024	J-GAAP
YoY	+14.6%	+133.3%	+144.8%	+381.8%	+378.8%