HANWA CO.,LTD., July-September (2Q) Ordinary Profit Increases by 38%

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Fri Nov 8, 2024 1:00 pm JST Earnings

8078 HANWA CO.,LTD. 【J-GAAP】

Earnings Report

HANWA CO.,LTD. <8078> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 28.1 billion yen, a 2.5% increase compared to the same period last year. However, The progress rate against the 60 billion yen full-year plan was 46.9%, also falling below the five-year average of 55.9%.

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 expand by 53.0% from the same period last year, reaching 31.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 38.0% from the same period last year, reaching 15.7 billion yen. The operating profit margin improved from 1.7% in the same period last year to 2.5%.

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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	1,338,965	41,374	52,958	37,189	915.2	82.4	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	1,201,276	26,339	27,444	19,076	469.3	56.8	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	1,258,673	28,881	28,137	20,212	500.0	46.9	Nov 8, 2024	J-GAAP
YoY	+4.8%	+9.7%	+2.5%	+6.0%	+6.5%

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	ー	ー	ー	ー	－	105	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	1,258,673	28,881	28,137	20,212	500.0	105	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	1,230,704	23,383	20,832	19,341	475.7	100	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,541,327	32,119	31,863	22,788	564.3	105	Nov 8, 2024	J-GAAP
YoY	+25.2%	+37.4%	+53.0%	+17.8%	+18.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,668,228	64,105	64,272	51,505	1,267.4	130	May 12, 2023	J-GAAP
Mar, 2024	2,431,980	49,722	48,276	38,417	944.9	185	May 10, 2024	J-GAAP
Mar, 2025 Guidance	2,800,000	61,000	60,000	43,000	1,064.8	210	May 10, 2024	J-GAAP
YoY	+15.1%	+22.7%	+24.3%	+11.9%	+12.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	592,534	10,062	11,432	7,584	186.6	1.7	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	625,352	16,128	15,488	11,685	287.4	2.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	605,352	7,255	5,344	7,656	188.3	1.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	618,454	13,135	12,361	9,213	227.7	2.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	640,219	15,746	15,776	10,999	272.1	2.5	Nov 8, 2024	J-GAAP
YoY	+8.0%	+56.5%	+38.0%	+45.0%	+45.8%