HIMACS,Ltd., First Half Ordinary Profit Increases by 15%, July-September Ordinary Profit Increases by 22%

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Thu Oct 31, 2024 1:00 pm JST Earnings

4299 HIMACS,Ltd. 【J-GAAP】

Earnings Report

HIMACS,Ltd. <4299> [TSE-S] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.0% from the same period last year, reaching 811 million yen. The progress rate against the 1.79 billion yen full-year plan was 45.3%, exceeding the five-year average of 42.0%.

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 decrease by 4.5% from the same period last year to 979 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 21.5% from the same period last year, reaching 508 million yen. The operating profit margin improved from 9.6% in the same period last year to 11.2%.

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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	8,794	871	874	597	51.4	47.4	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	8,668	703	705	482	41.4	40.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	8,816	804	811	554	47.9	45.3	Oct 31, 2024	J-GAAP
YoY	+1.7%	+14.4%	+15.0%	+14.9%	+15.7%

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	9,000	720	725	495	42.7	22	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	8,816	804	811	554	47.9	22	Oct 31, 2024	J-GAAP
Revision Rate	-2.0%	+11.7%	+11.9%	+11.9%	+12.1%

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	8,689	1,016	1,025	702	60.4	22	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,784	976	979	666	57.5	22	Oct 31, 2024	J-GAAP
YoY	+12.6%	-3.9%	-4.5%	-5.1%	-4.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,331	1,833	1,844	1,294	111.3	43	May 12, 2023	J-GAAP
Mar, 2024	17,357	1,719	1,730	1,184	101.9	43.50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	18,600	1,780	1,790	1,220	105.2	44	May 14, 2024	J-GAAP
YoY	+7.2%	+3.5%	+3.5%	+3.0%	+3.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,333	418	418	286	24.6	9.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	4,336	494	497	339	29.1	11.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	4,353	522	528	363	31.2	12.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,327	301	303	207	17.9	7.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	4,489	503	508	347	30.0	11.2	Oct 31, 2024	J-GAAP
YoY	+3.6%	+20.3%	+21.5%	+21.3%	+22.1%