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Howa Machinery, Ltd., First Half Ordinary Profit Increases by 2.9 times, July-September Ordinary Profit Increases by 3.9 times

Fri Nov 8, 2024 1:40 pm JST Earnings

6203 Howa Machinery, Ltd. 【J-GAAP】

Earnings Report

Howa Machinery, Ltd. <6203> [TSE-S] announced its financial results in the afternoon session on November 8th (13:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.9 times that of the same period last year, reaching 750 million yen. The progress rate against the 790 million yen full-year plan was 94.9%, also surpassing the five-year average of 48.8%.

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 significant drop by 80.8% from the same period last year to 40 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.9 times that of the same period last year, reaching 486 million yen. The operating profit margin drastically improved from 2.3% in the same period last year to 8.3%.

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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 8,995 247 432 384 31.9 69.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 9,971 166 258 211 17.5 55.4 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 10,713 638 750 547 45.4 94.9 Nov 8, 2024 J-GAAP
YoY +7.4% +284.3% +190.7% +159.2% +159.5%

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 10,713 638 750 547 45.4 0 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 9,815 222 208 -1,084 -90.0 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,387 122 40 133 11.0 20 Nov 8, 2024 J-GAAP
YoY +36.4% -45.0% -80.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,738 452 622 524 43.6 20 May 15, 2023 J-GAAP
Mar, 2024 19,786 388 466 -873 -72.5 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 24,100 760 790 680 56.4 20 May 15, 2024 J-GAAP
YoY +21.8% +95.9% +69.5% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,361 123 125 107 8.9 2.3 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 4,452 30 12 1 0.1 0.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,363 192 196 -1,085 -90.1 3.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,558 128 264 201 16.7 2.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,155 510 486 346 28.7 8.3 Nov 8, 2024 J-GAAP
YoY +14.8% +314.6% +288.8% +223.4% +223.6%

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