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

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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%