kabutan

HIRAKAWA HEWTECH CORP., First Half Ordinary Profit Increases by 18%, July-September Ordinary Profit Increases by 19%

Fri Nov 1, 2024 3:00 pm JST Earnings

5821 HIRAKAWA HEWTECH CORP. 【J-GAAP】

Earnings Report

HIRAKAWA HEWTECH CORP. <5821> [TSE-P] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.2% from the same period last year, reaching 1.3 billion yen. The progress rate against the 2.21 billion yen full-year plan was 59.1%, also surpassing the five-year average of 49.6%.

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 7.4% from the same period last year to 903 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 19.2% from the same period last year, reaching 335 million yen. The operating profit margin significantly improved from 4.1% in the same period last year to 7.9%.

Kabutan News

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 16,006 1,273 1,710 1,436 102.3 48.8 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 14,260 772 1,106 677 48.2 53.1 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 16,020 1,251 1,307 1,005 71.6 59.1 Nov 1, 2024 J-GAAP
YoY +12.3% +62.0% +18.2% +48.4% +48.5%

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 ー ー ー ー － 22 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 16,020 1,251 1,307 1,005 71.6 22 Nov 1, 2024 J-GAAP
Revision Rate － － － － －

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 15,066 895 975 767 54.6 18 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,280 689 903 635 45.2 23 Nov 1, 2024 J-GAAP
YoY +1.4% -23.0% -7.4% -17.2% -17.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 32,224 3,103 3,501 2,955 210.4 36 May 10, 2023 J-GAAP
Mar, 2024 29,326 1,667 2,081 1,444 102.8 36 May 9, 2024 J-GAAP
Mar, 2025 Guidance 31,300 1,940 2,210 1,640 116.8 45 May 9, 2024 J-GAAP
YoY +6.7% +16.4% +6.2% +13.6% +13.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,111 295 281 96 6.8 4.1 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 8,087 555 524 153 10.9 6.9 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 6,979 340 451 614 43.7 4.9 May 9, 2024 J-GAAP
Apr - Jun, 2024 8,128 629 972 721 51.3 7.7 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 7,892 622 335 284 20.2 7.9 Nov 1, 2024 J-GAAP
YoY +11.0% +110.8% +19.2% +195.8% +196.2%

Related Articles