Heiwa Corporation, First Half Ordinary Profit Increases by 34%, July-September Ordinary Profit Increases by 64%

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Fri Nov 8, 2024 3:30 pm JST Earnings

6412 Heiwa Corporation 【J-GAAP】

Earnings Report

Heiwa Corporation <6412> [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) expanded to 15.2 billion yen, an increase of 33.6% compared to the same period last year. The progress rate against the 29.2 billion yen full-year plan was 52.4%, almost the same as the five-year average of 52.9%.

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 23.1% from the same period last year, reaching 13.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 63.7% from the same period last year, reaching 6.56 billion yen. The operating profit margin rose from 14.7% in the same period last year to 18.6%.

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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	70,930	15,337	15,136	10,798	109.5	56.8	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	66,715	12,171	11,447	7,436	75.4	50.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	71,790	15,404	15,292	10,415	105.6	52.4	Nov 8, 2024	J-GAAP
YoY	+7.6%	+26.6%	+33.6%	+40.1%	+40.1%

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	－	40	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	71,790	15,404	15,292	10,415	105.6	40	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	69,666	11,259	11,299	9,175	93.0	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	86,410	14,596	13,908	9,585	97.2	40	Nov 8, 2024	J-GAAP
YoY	+24.0%	+29.6%	+23.1%	+4.5%	+4.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	142,290	26,905	26,631	20,685	209.7	80	May 12, 2023	J-GAAP
Mar, 2024	136,381	23,430	22,746	16,611	168.4	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	158,200	30,000	29,200	20,000	202.8	80	May 10, 2024	J-GAAP
YoY	+16.0%	+28.0%	+28.4%	+20.4%	+20.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	31,773	4,680	4,011	2,493	25.3	14.7	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	36,089	7,143	7,099	4,173	42.3	19.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	33,577	4,116	4,200	5,002	50.7	12.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	35,586	8,654	8,725	5,628	57.1	24.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	36,204	6,750	6,567	4,787	48.5	18.6	Nov 8, 2024	J-GAAP
YoY	+13.9%	+44.2%	+63.7%	+92.0%	+92.0%