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Hakuto Co.,Ltd., First Half Ordinary Profit Decreases by 13%, July-September Ordinary Profit Decreases by 41%

Thu Oct 31, 2024 3:00 pm JST Earnings

7433 Hakuto Co.,Ltd. 【J-GAAP】

Earnings Report

Hakuto Co.,Ltd. <7433> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.7% from the same period last year to 3.82 billion yen. The progress rate against the 6.9 billion yen full-year plan was 55.4%, below the five-year average of 59.2%.

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 grow by 21.4% from the same period last year, reaching 3.07 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 1.56 billion yen, a 40.9% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 4.8%.

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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 114,780 7,200 7,303 5,141 269.1 60.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 93,223 4,715 4,379 3,019 161.4 63.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 89,751 4,019 3,825 2,578 137.1 55.4 Oct 31, 2024 J-GAAP
YoY -3.7% -14.8% -12.7% -14.6% -15.1%

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 89,000 3,000 2,700 1,900 101.0 130 Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 89,751 4,019 3,825 2,578 137.1 130 Oct 31, 2024 J-GAAP
Revision Rate +0.8% +34.0% +41.7% +35.7% +35.7%

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 88,823 2,921 2,533 2,156 115.1 140 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 100,249 3,481 3,075 2,322 123.4 130 Oct 31, 2024 J-GAAP
YoY +12.9% +19.2% +21.4% +7.7% +7.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 233,624 12,711 12,048 8,929 470.5 280 Apr 28, 2023 J-GAAP
Mar, 2024 182,046 7,636 6,912 5,175 276.2 280 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 190,000 7,500 6,900 4,900 260.4 260 Apr 30, 2024 J-GAAP
YoY +4.4% -1.8% -0.2% -5.3% -5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 48,439 2,719 2,651 3,013 161.0 5.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 47,150 1,623 1,564 989 52.8 3.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 41,673 1,298 969 1,167 62.3 3.1 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 42,380 1,734 2,257 1,543 82.1 4.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 47,371 2,285 1,568 1,035 55.0 4.8 Oct 31, 2024 J-GAAP
YoY -2.2% -16.0% -40.9% -65.6% -65.8%

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