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

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%

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