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HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD., First Half Ordinary Profit Increases by 3.0 times

Tue Oct 29, 2024 3:00 pm JST Earnings

1930 HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD. <1930> [TSE-P] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.0 times that of the same period last year, reaching 1.41 billion yen, exceeded the previous forecast of 650 million yen.

The progress rate against the 3.5 billion yen full-year plan was 40.4%, exceeding the five-year average of 26.2%.

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 drop by 34.4% from the same period last year to 2.08 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 54.8% from the same period last year, reaching 862 million yen. The operating profit margin improved from 4.5% in the same period last year to 5.8%.

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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 20,588 308 395 240 8.6 15.6 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 20,628 361 468 202 7.3 12.8 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 26,371 1,256 1,415 977 34.9 40.4 Oct 29, 2024 J-GAAP
YoY +27.8% +247.9% +202.4% +383.7% +381.9%

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 25,000 550 650 400 14.3 20 Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 26,371 1,256 1,415 977 34.9 20 Oct 29, 2024 J-GAAP
Revision Rate +5.5% +128.4% +117.7% +144.3% +144.5%

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 32,770 3,064 3,177 2,007 71.7 22 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,629 1,994 2,085 1,323 47.3 20 Oct 29, 2024 J-GAAP
YoY +2.6% -34.9% -34.4% -34.1% -34.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,846 2,356 2,531 1,628 58.2 36 Apr 27, 2023 J-GAAP
Mar, 2024 53,398 3,425 3,645 2,209 78.9 40 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 60,000 3,250 3,500 2,300 82.2 40 Apr 30, 2024 J-GAAP
YoY +12.4% -5.1% -4.0% +4.1% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,465 514 557 339 12.2 4.5 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 12,676 612 667 377 13.5 4.8 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 20,094 2,452 2,510 1,630 58.2 12.2 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 13,079 481 553 390 13.9 3.7 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 13,292 775 862 587 21.0 5.8 Oct 29, 2024 J-GAAP
YoY +15.9% +50.8% +54.8% +73.2% +72.5%

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