HASHIMOTO SOGYO HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 7%, July-September Ordinary Profit Increases by 6%

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Tue Oct 29, 2024 12:30 pm JST Earnings

7570 HASHIMOTO SOGYO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

HASHIMOTO SOGYO HOLDINGS CO.,LTD. <7570> [TSE-S] announced its financial results at noon (12:30) on October 29th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.1% from the same period last year, reaching 1.9 billion yen. The progress rate against the 3.5 billion yen full-year plan was 54.5%, also surpassing the five-year average of 48.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 1.59 billion yen, up 0.5% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.3% from the same period last year, reaching 1.14 billion yen. The operating profit margin remained almost flat, changing from 2.1% in the same period last year to 2.1%.

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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
Apr - Sep, 2022	69,842	1,386	1,927	1,337	66.0	50.7	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	73,753	1,183	1,780	1,139	56.2	52.9	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	78,835	1,288	1,906	1,182	59.4	54.5	Oct 29, 2024	J-GAAP
YoY	+6.9%	+8.9%	+7.1%	+3.8%	+5.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	75,000	1,200	1,800	1,150	57.8	24	Aug 28, 2024	J-GAAP
Apr - Sep, 2024 Results	78,835	1,288	1,906	1,182	59.4	24	Oct 29, 2024	J-GAAP
Revision Rate	+5.1%	+7.3%	+5.9%	+2.8%	+2.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	81,880	1,126	1,586	1,470	72.6	21	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	81,165	1,112	1,594	1,448	72.7	24	Oct 29, 2024	J-GAAP
YoY	-0.9%	-1.2%	+0.5%	-1.5%	+0.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	148,189	2,807	3,798	2,569	126.8	40	May 9, 2023	J-GAAP
Mar, 2024	155,633	2,309	3,366	2,609	128.8	42	May 10, 2024	J-GAAP
Mar, 2025 Guidance	160,000	2,400	3,500	2,630	132.0	48	Aug 28, 2024	J-GAAP
YoY	+2.8%	+3.9%	+4.0%	+0.8%	+2.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	39,355	813	1,080	600	29.6	2.1	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	42,124	712	1,007	620	30.6	1.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	39,756	414	579	850	42.0	1.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	37,185	408	758	499	25.1	1.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	41,650	880	1,148	683	34.3	2.1	Oct 29, 2024	J-GAAP
YoY	+5.8%	+8.2%	+6.3%	+13.8%	+16.0%