kabutan

HONYAKU Center Inc., First Half Ordinary Profit Revised Downward to an Unexpected 2%Decrease

Fri Nov 8, 2024 3:30 pm JST Earnings

2483 HONYAKU Center Inc. 【J-GAAP】

Earnings Report

HONYAKU Center Inc. <2483> [TSE-S] 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) was 355 million yen, a 2.5% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 16.8% increase.

The progress rate against the 1.08 billion yen full-year plan was 32.9%, also falling below the five-year average of 40.3%.

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 grow by 26.3% from the same period last year, reaching 725 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 180 million yen, a 3.2% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.4% in the same period last year to 6.5%.

Kabutan News

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 5,238 389 390 259 77.8 40.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 5,429 350 364 236 71.0 38.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 5,467 352 355 232 69.4 32.9 Nov 8, 2024 J-GAAP
YoY +0.7% +0.6% -2.5% -1.7% -2.2%

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 5,850 410 425 280 83.6 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 5,467 352 355 232 69.4 0 Nov 8, 2024 J-GAAP
Revision Rate -6.5% -14.1% -16.5% -17.1% -17.0%

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 5,874 552 574 475 142.2 65 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,633 698 725 488 145.7 75 Nov 8, 2024 J-GAAP
YoY +12.9% +26.4% +26.3% +2.7% +2.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,947 928 960 686 205.9 45 May 11, 2023 J-GAAP
Mar, 2024 11,303 902 938 711 212.9 65 May 13, 2024 J-GAAP
Mar, 2025 Guidance 12,100 1,050 1,080 720 214.9 75 May 13, 2024 J-GAAP
YoY +7.1% +16.4% +15.1% +1.3% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,851 183 186 119 35.8 6.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,894 228 233 164 49.1 7.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,980 324 341 311 93.1 10.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,715 173 175 112 33.7 6.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,752 179 180 120 35.9 6.5 Nov 8, 2024 J-GAAP
YoY -3.5% -2.2% -3.2% +0.8% +0.3%

Related Articles