HIRATA Corporation, First Half Ordinary Profit Decreases by 17%, July-September Ordinary Profit Decreases by 16%

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Fri Nov 8, 2024 3:30 pm JST Earnings

6258 HIRATA Corporation 【J-GAAP】

Earnings Report

HIRATA Corporation <6258> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.5% from the same period last year to 2.7 billion yen. The progress rate against the 7.3 billion yen full-year plan was 37.1%, also falling below the five-year average of 51.2%.

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 54.2% from the same period last year, reaching 4.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.42 billion yen, a 16.0% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 7.8%.

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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	34,669	2,377	2,255	1,743	168.0	38.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	37,394	3,111	3,281	2,303	221.8	52.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	40,365	2,765	2,708	1,803	173.7	37.1	Nov 8, 2024	J-GAAP
YoY	+7.9%	-11.1%	-17.5%	-21.7%	-21.7%

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 10, 2024	J-GAAP
Apr - Sep, 2024 Results	40,365	2,765	2,708	1,803	173.7	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	45,445	2,936	2,978	2,041	196.5	100	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	59,635	4,735	4,592	2,897	284.1	120	Nov 8, 2024	J-GAAP
YoY	+31.2%	+61.3%	+54.2%	+41.9%	+44.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	78,443	5,920	5,802	4,269	411.2	90	May 12, 2023	J-GAAP
Mar, 2024	82,839	6,047	6,259	4,344	418.3	100	May 10, 2024	J-GAAP
Mar, 2025 Guidance	100,000	7,500	7,300	4,700	460.9	120	May 10, 2024	J-GAAP
YoY	+20.7%	+24.0%	+16.6%	+8.2%	+10.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,239	1,608	1,701	1,198	115.4	8.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	23,614	2,792	2,822	2,344	225.7	11.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	21,831	144	156	-303	-29.2	0.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	20,368	1,214	1,279	722	69.6	6.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	19,997	1,551	1,429	1,081	104.1	7.8	Nov 8, 2024	J-GAAP
YoY	+9.6%	-3.5%	-16.0%	-9.8%	-9.8%