Hulic Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 4%, Adds to Record High Profit Forecast, Dividend Revised Upward by 2 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Oct 28, 2024 11:30 am JST Earnings

3003 Hulic Co.,Ltd. 【J-GAAP】

Earnings Report

Hulic Co.,Ltd. <3003> [TSE-P] announced its financial results at noon (11:30) on October 28th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 81.6 billion yen, a 2.3% decrease compared to the same period last year.

However, the full-year consolidated ordinary profit has been revised upward by 4.2%, from the previous forecast of 144 billion yen to 150 billion yen (compared to 137 billion yen in the previous period), increasing the growth rate from 4.8% to 9.1%, further surpassing the previous forecast of record-high profits for thirteen consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 7.6%, from the previous forecast of 79.1 billion yen to 85.1 billion yen (compared to 75.2 billion yen in the same period of the previous year), increasing the growth rate from 5.2% to 13.2%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 52 yen to 54 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 16.7 billion yen, a 21.5% decrease compared to the same period last year. The operating profit margin decreased from 25.7% in the same period last year to 18.1%.

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	399,208	77,257	76,078	48,667	63.9	61.7	Oct 28, 2022	J-GAAP
Jan - Sep, 2023	278,529	90,950	83,588	58,697	77.1	60.8	Oct 27, 2023	J-GAAP
Jan - Sep, 2024	314,985	88,810	81,641	54,596	71.7	54.4	Oct 28, 2024	J-GAAP
YoY	+13.1%	-2.4%	-2.3%	-7.0%	-7.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	ー	84,077	79,144	53,870	70.7	26	Jul 26, 2024	J-GAAP
Jul - Dec, 2024 New	385,148	88,077	85,144	54,370	71.4	28	Oct 28, 2024	J-GAAP
Revision Rate	－	+4.8%	+7.6%	+0.9%	+0.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	ー	153,000	144,000	98,000	128.7	52	Jan 30, 2024	J-GAAP
Dec, 2024 New	590,000	157,000	150,000	98,500	129.3	54	Oct 28, 2024	J-GAAP
Revision Rate	－	+2.6%	+4.2%	+0.5%	+0.5%

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	262,433	79,528	75,237	50,508	66.4	27	Jan 30, 2024	J-GAAP
Jul - Dec, 2024 Guidance	385,148	88,077	85,144	54,370	71.4	28	Oct 28, 2024	J-GAAP
YoY	+46.8%	+10.7%	+13.2%	+7.6%	+7.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	523,424	126,147	123,222	79,150	104.0	42	Jan 30, 2023	J-GAAP
Dec, 2023	446,383	146,178	137,437	94,625	124.4	50	Jan 30, 2024	J-GAAP
Dec, 2024 Guidance	590,000	157,000	150,000	98,500	129.3	54	Oct 28, 2024	J-GAAP
YoY	+32.2%	+7.4%	+9.1%	+4.1%	+4.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	94,579	24,300	21,388	14,580	19.2	25.7	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	167,854	55,228	53,849	35,928	47.2	32.9	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	107,593	23,728	21,241	15,858	20.8	22.1	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	97,259	45,195	43,615	28,272	37.2	46.5	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	110,133	19,887	16,785	10,466	13.8	18.1	Oct 28, 2024	J-GAAP
YoY	+16.4%	-18.2%	-21.5%	-28.2%	-28.2%