HARIMA B.STEM CORPORATION, First Half Ordinary Profit Increases by 13%

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Fri Nov 8, 2024 11:30 am JST Earnings

9780 HARIMA B.STEM CORPORATION 【J-GAAP】

Earnings Report

HARIMA B.STEM CORPORATION <9780> [TSE-S] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.6% from the same period last year, reaching 572 million yen. The progress rate against the 1.11 billion yen full-year plan was 51.5%, it was below the five-year average of 54.6%.

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 2.2% from the same period last year to 538 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 230 million yen, a 0.9% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.9% in the same period last year to 3.1%.

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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	12,367	454	532	355	39.8	52.0	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	12,921	453	508	348	38.7	48.0	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	13,375	526	572	404	44.5	51.5	Nov 8, 2024	J-GAAP
YoY	+3.5%	+16.1%	+12.6%	+16.1%	+15.1%

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	－	12	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	13,375	526	572	404	44.5	12	Nov 8, 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	13,697	511	550	408	45.2	9	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,125	534	538	406	44.4	12	Nov 8, 2024	J-GAAP
YoY	+3.1%	+4.5%	-2.2%	-0.5%	-1.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,316	813	1,024	736	82.2	11	May 12, 2023	J-GAAP
Mar, 2024	26,618	964	1,058	756	83.7	15	May 14, 2024	J-GAAP
Mar, 2025 Guidance	27,500	1,060	1,110	810	88.6	24	May 14, 2024	J-GAAP
YoY	+3.3%	+10.0%	+4.9%	+7.1%	+5.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,415	188	232	164	18.2	2.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	6,922	294	321	216	23.9	4.2	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	6,775	217	229	192	21.3	3.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	6,732	317	342	229	25.3	4.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	6,643	209	230	175	19.3	3.1	Nov 8, 2024	J-GAAP
YoY	+3.6%	+11.2%	-0.9%	+6.7%	+5.8%