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

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%

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