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

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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%