Hybrid Technologies Co., Ltd., Last Fiscal Year Net Income Revised Downward to an Unexpected 67% Decrease

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Tue Oct 15, 2024 3:00 pm JST Revision

4260 Hybrid Technologies Co., Ltd. 【IFRS】

Guidance Update Report

Hybrid Technologies Co., Ltd. <4260> [TSE-G] announced a performance revision after the market closed on October 15th (15:00). The consolidated net income for the fiscal year ending September 2024 has downwardly by 75.1%, from the previous forecast of 213 million yen to 53 million yen (compared to 160 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 66.9% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated net income/loss has been revised downward from an expected profit of 108 million yen to a loss of 52 million yen (compared to a profit of 99 million yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	1,721	181	135	108	9.5	0	May 15, 2024	IFRS
Apr - Sep, 2024 New	1,554	-50	-44	-52	-4.6	0	Oct 15, 2024	IFRS
Revision Rate	-9.7%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	3,306	331	264	213	18.7	0	Nov 14, 2023	IFRS
Sep, 2024 New	3,139	100	85	53	4.7	0	Oct 15, 2024	IFRS
Revision Rate	-5.1%	-69.8%	-67.8%	-75.1%	-75.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	1,586	158	116	99	8.9	0	Nov 14, 2023	IFRS
Apr - Sep, 2024 Guidance	1,554	-50	-44	-52	-4.6	0	Oct 15, 2024	IFRS
YoY	-2.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	2,408	288	310	250	24.2	0	Nov 14, 2022	IFRS
Sep, 2023	2,906	257	189	160	14.4	0	Nov 14, 2023	IFRS
Sep, 2024 Guidance	3,139	100	85	53	4.7	0	Oct 15, 2024	IFRS
YoY	+8.0%	-61.1%	-55.0%	-66.9%	-67.7%