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HAZAMA ANDO CORPORATION, First Half Ordinary Profit Increases by 69%, July-September Ordinary Profit Increases by 2.4 times

Thu Nov 7, 2024 2:00 pm JST Earnings

1719 HAZAMA ANDO CORPORATION 【J-GAAP】

Earnings Report

HAZAMA ANDO CORPORATION <1719> [TSE-P] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 9.47 billion yen, an increase of 68.6% compared to the same period last year. However, The progress rate against the 22.1 billion yen full-year plan was 42.9%, almost the same as the five-year average of 43.6%.

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 2.3% from the same period last year to 12.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.4 times that of the same period last year, reaching 6.06 billion yen. The operating profit margin significantly improved from 2.6% in the same period last year to 6.6%.

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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 164,303 7,946 8,737 7,664 46.5 44.6 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 179,738 5,230 5,617 3,667 23.4 30.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 186,865 9,726 9,472 6,551 41.8 42.9 Nov 7, 2024 J-GAAP
YoY +4.0% +86.0% +68.6% +78.6% +78.5%

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 186,800 9,720 9,470 6,550 41.8 30 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 186,865 9,726 9,472 6,551 41.8 30 Nov 7, 2024 J-GAAP
Revision Rate +0.0% +0.1% +0.0% +0.0% 0.0%

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 214,390 13,361 12,928 10,211 65.2 30 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 219,335 13,174 12,628 8,649 55.2 30 Nov 7, 2024 J-GAAP
YoY +2.3% -1.4% -2.3% -15.3% -15.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 372,146 19,853 19,608 15,187 94.0 40 May 12, 2023 J-GAAP
Mar, 2024 394,128 18,591 18,545 13,878 88.6 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 406,200 22,900 22,100 15,200 97.0 60 May 14, 2024 J-GAAP
YoY +3.1% +23.2% +19.2% +9.5% +9.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 97,944 2,510 2,544 1,715 11.0 2.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 100,188 4,684 4,146 2,842 18.2 4.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 114,202 8,677 8,782 7,369 47.1 7.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 83,706 2,954 3,405 2,250 14.4 3.5 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 103,159 6,772 6,067 4,301 27.5 6.6 Nov 7, 2024 J-GAAP
YoY +5.3% +169.8% +138.5% +150.8% +150.5%

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