HITO-Communications Holdings,Inc., 30% Increase in Ordinary Profit for The Current Fiscal Year, Dividend to Rise by 1 yen

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Tue Oct 15, 2024 3:00 pm JST Earnings

4433 HITO-Communications Holdings,Inc. 【J-GAAP】

Earnings Report

HITO-Communications Holdings,Inc. <4433> [TSE-P] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the fiscal year ending August 2024 dropped by 64.3% from the previous period to 1.53 billion yen. For the fiscal year ending August 2025, the profit is expected to recover to 30.2% to 2 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 36 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit significantly dropped to 94 million yen, a 84.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 3.7% in the same period last year to 0.7%.

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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	64,130	5,739	5,759	3,227	180.9	30	Oct 12, 2022	J-GAAP
Aug, 2023	63,980	4,198	4,300	1,885	105.7	31	Oct 12, 2023	J-GAAP
Aug, 2024	58,547	1,568	1,536	-43	-2.4	35	Oct 15, 2024	J-GAAP
YoY	-8.5%	-62.6%	-64.3%	－	－

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	58,810	2,450	2,430	1,058	59.3	35	Apr 15, 2024	J-GAAP
Aug, 2024 Results	58,547	1,568	1,536	-43	-2.4	35	Oct 15, 2024	J-GAAP
Revision Rate	-0.4%	-36.0%	-36.8%	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	29,810	1,274	1,261	543	30.5	17.50	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	27,950	720	715	330	18.5	18	Oct 15, 2024	J-GAAP
YoY	-6.2%	-43.5%	-43.3%	-39.2%	-39.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	63,980	4,198	4,300	1,885	105.7	31	Oct 12, 2023	J-GAAP
Aug, 2024	58,547	1,568	1,536	-43	-2.4	35	Oct 15, 2024	J-GAAP
Aug, 2025 Guidance	59,000	2,000	2,000	943	52.9	36	Oct 15, 2024	J-GAAP
YoY	+0.8%	+27.6%	+30.2%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	14,724	552	612	-141	-7.9	3.7	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	15,826	927	932	448	25.1	5.9	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	13,984	347	329	95	5.3	2.5	Apr 15, 2024	J-GAAP
Mar - May, 2024	14,727	190	181	-127	-7.1	1.3	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	14,010	104	94	-459	-26.1	0.7	Oct 15, 2024	J-GAAP
YoY	-4.8%	-81.2%	-84.6%	-225.5%	-229.3%