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HIRAKI CO.,LTD., First Half Ordinary Profit Increases by 79%

Wed Nov 6, 2024 4:00 pm JST Earnings

3059 HIRAKI CO.,LTD. 【J-GAAP】

Earnings Report

HIRAKI CO.,LTD. <3059> [TSE-S] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 61 million yen, an increase of 79.4% compared to the same period last year. However, The progress rate against the 150 million yen full-year plan was 40.7%, also falling below the five-year average of 77.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 89 million yen (compared to a loss of 34 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 124 million yen (compared to a loss of 153 million yen in the same period last year). The operating profit/loss margin improved from -4.9% in the same period last year to -3.8%.

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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 7,270 194 220 139 28.6 117.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 6,842 39 34 15 3.1 ー Nov 8, 2023 J-GAAP
Apr - Sep, 2024 6,545 62 61 37 7.8 40.7 Nov 6, 2024 J-GAAP
YoY -4.3% +59.0% +79.4% +146.7% +152.6%

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 6,900 60 60 40 8.2 10 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 6,545 62 61 37 7.8 10 Nov 6, 2024 J-GAAP
Revision Rate -5.1% +3.3% +1.7% -7.5% -5.4%

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 6,471 -85 -34 -30 -6.2 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,355 88 89 63 12.9 10 Nov 6, 2024 J-GAAP
YoY +13.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,288 155 188 111 22.9 20 May 10, 2023 J-GAAP
Mar, 2024 13,313 -46 0 -15 -3.1 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 13,900 150 150 100 20.5 20 May 10, 2024 J-GAAP
YoY +4.4% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,002 -146 -153 -114 -23.4 -4.9 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 3,366 44 62 40 8.3 1.3 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 3,105 -129 -96 -70 -14.6 -4.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,544 175 185 128 26.4 4.9 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 3,001 -113 -124 -91 -19.1 -3.8 Nov 6, 2024 J-GAAP
YoY 0.0% +22.6% +19.0% +20.2% +18.3%

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