HIOKI E.E.CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 17%

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Tue Oct 15, 2024 3:00 pm JST Earnings

6866 HIOKI E.E.CORPORATION 【J-GAAP】

Earnings Report

HIOKI E.E.CORPORATION <6866> [TSE-P] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 17.3% from the same period last year to 5.38 billion yen. The progress rate against the 8.32 billion yen full-year plan was 64.7%, also falling below the five-year average of 74.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 70.3% from the same period last year, reaching 2.93 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 1.76 billion yen, a 0.7% decrease compared to the same period last year. However, the operating profit margin rose from 19.0% in the same period last year to 19.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	24,888	4,967	5,287	3,992	292.5	72.6	Oct 17, 2022	J-GAAP
Jan - Sep, 2023	29,563	6,294	6,511	4,830	353.7	79.1	Oct 16, 2023	J-GAAP
Jan - Sep, 2024	28,077	5,160	5,382	4,031	295.8	64.7	Oct 15, 2024	J-GAAP
YoY	-5.0%	-18.0%	-17.3%	-16.5%	-16.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	18,820	3,410	3,505	2,882	211.1	90	Jan 25, 2024	J-GAAP
Jul - Dec, 2024 Guidance	21,338	4,656	4,706	3,740	276.4	100	Jul 16, 2024	J-GAAP
YoY	+13.4%	+36.5%	+34.3%	+29.8%	+30.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	34,371	7,070	7,287	5,330	390.5	160	Jan 25, 2023	J-GAAP
Dec, 2023	39,154	7,955	8,236	6,329	463.5	180	Jan 25, 2024	J-GAAP
Dec, 2024 Guidance	40,000	8,000	8,320	6,360	469.9	200	Jul 9, 2024	J-GAAP
YoY	+2.2%	+0.6%	+1.0%	+0.5%	+1.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,229	1,749	1,780	1,383	101.3	19.0	Oct 16, 2023	J-GAAP
Oct - Dec, 2023	9,591	1,661	1,725	1,499	109.8	17.3	Jan 25, 2024	J-GAAP
Jan - Mar, 2024	9,111	1,613	1,724	1,206	88.3	17.7	Apr 15, 2024	J-GAAP
Apr - Jun, 2024	9,551	1,731	1,890	1,414	103.5	18.1	Jul 16, 2024	J-GAAP
Jul - Sep, 2024	9,415	1,816	1,768	1,411	103.5	19.3	Oct 15, 2024	J-GAAP
YoY	+2.0%	+3.8%	-0.7%	+2.0%	+2.2%