Hirogin Holdings,Inc., First Half Ordinary Profit Increases by 11%

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Fri Nov 8, 2024 3:00 pm JST Earnings

7337 Hirogin Holdings,Inc. 【J-GAAP】

Earnings Report

Hirogin Holdings,Inc. <7337> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.1% from the same period last year, reaching 26.5 billion yen. The progress rate against the 50.5 billion yen full-year plan was 52.6%, it was below the five-year average of 62.1%.

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 surge by 2.3 times that of the same period last year, reaching 23.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 9.5% from the same period last year, reaching 11.2 billion yen.

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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	76,603	ー	14,764	10,073	32.4	78.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	94,005	ー	23,927	16,624	53.8	70.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	95,888	ー	26,584	18,402	60.6	52.6	Nov 8, 2024	J-GAAP
YoY	+2.0%	－	+11.1%	+10.7%	+12.5%

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	26,000	18,000	59.4	23.50	Sep 25, 2024	J-GAAP
Apr - Sep, 2024 Results	95,888	ー	26,584	18,402	60.6	23.50	Nov 8, 2024	J-GAAP
Revision Rate	－	－	+2.2%	+2.2%	+1.9%

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	92,066	ー	10,224	11,067	36.1	19	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	23,916	16,598	55.3	23.50	Nov 8, 2024	J-GAAP
YoY	－	－	+133.9%	+50.0%	+53.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	160,234	ー	18,780	12,508	40.3	27	May 12, 2023	J-GAAP
Mar, 2024	186,071	ー	34,151	27,691	90.4	37	May 13, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	50,500	35,000	116.6	47	Sep 25, 2024	J-GAAP
YoY	－	－	+47.9%	+26.4%	+29.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	47,498	ー	10,235	6,965	22.6	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	46,755	ー	9,612	6,719	21.9	0.0	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	45,311	ー	612	4,348	14.2	0.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	47,875	ー	15,373	10,639	35.0	0.0	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	48,013	ー	11,211	7,763	25.6	0.0	Nov 8, 2024	J-GAAP
YoY	+1.1%	－	+9.5%	+11.5%	+13.3%