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HIRAGA CO., LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 33%

Fri Nov 8, 2024 3:30 pm JST Earnings

7863 HIRAGA CO., LTD. 【J-GAAP】

Earnings Report

HIRAGA CO., LTD. <7863> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 280 million yen, an increase of 32.7% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 2.8% decrease.

The progress rate against the 570 million yen full-year plan was 49.1%, exceeding the five-year average of 44.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 18.1% from the same period last year to 290 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 33.7% from the same period last year, reaching 123 million yen. The operating profit margin improved from 3.1% in the same period last year to 4.4%.

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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 4,306 204 240 200 69.3 45.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,740 172 211 143 49.8 37.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 4,855 244 280 190 66.3 49.1 Nov 8, 2024 J-GAAP
YoY +2.4% +41.9% +32.7% +32.9% +33.0%

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 4,800 165 205 145 50.4 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 4,855 244 280 190 66.3 0 Nov 8, 2024 J-GAAP
Revision Rate +1.1% +47.9% +36.6% +31.0% +31.6%

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 5,214 322 354 422 146.3 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,445 256 290 210 73.0 40 Nov 8, 2024 J-GAAP
YoY +4.4% -20.5% -18.1% -50.2% -50.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,010 458 523 395 136.7 30 May 12, 2023 J-GAAP
Mar, 2024 9,954 494 565 565 195.9 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 10,300 500 570 400 139.0 40 May 10, 2024 J-GAAP
YoY +3.5% +1.2% +0.9% -29.2% -29.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,351 73 92 63 22.0 3.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,817 230 250 170 59.0 8.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,397 92 104 252 87.4 3.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,421 137 157 107 37.3 5.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,434 107 123 83 29.0 4.4 Nov 8, 2024 J-GAAP
YoY +3.5% +46.6% +33.7% +31.7% +31.9%

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