HAVIX CORPORATION, First Half Ordinary Profit Increases by 2%

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Fri Nov 8, 2024 3:40 pm JST Earnings

3895 HAVIX CORPORATION 【J-GAAP】

Earnings Report

HAVIX CORPORATION <3895> [TSE-S] announced its financial results after the market closed on November 8th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 364 million yen, a 1.7% increase compared to the same period last year. The progress rate against the 500 million yen full-year plan was 72.8%, also surpassing the five-year average of 41.0%.

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 significant drop by 74.0% from the same period last year to 136 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 149 million yen, a 27.7% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 4.6%.

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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	5,737	44	132	141	18.3	ー	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	6,537	260	358	276	35.7	40.6	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	6,661	339	364	303	39.0	72.8	Nov 8, 2024	J-GAAP
YoY	+1.9%	+30.4%	+1.7%	+9.8%	+9.1%

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	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	6,661	339	364	303	39.0	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	6,667	495	524	398	51.3	16	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,839	211	136	47	6.0	16	Nov 8, 2024	J-GAAP
YoY	+2.6%	-57.4%	-74.0%	-88.2%	-88.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,084	-92	-25	52	6.7	12	May 12, 2023	J-GAAP
Mar, 2024	13,204	755	882	674	86.9	16	May 13, 2024	J-GAAP
Mar, 2025 Guidance	13,500	550	500	350	44.8	16	May 13, 2024	J-GAAP
YoY	+2.2%	-27.2%	-43.3%	-48.1%	-48.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,205	178	206	157	20.3	5.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,519	303	296	221	28.5	8.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,148	192	228	177	22.8	6.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,322	184	215	189	24.3	5.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	3,339	155	149	114	14.7	4.6	Nov 8, 2024	J-GAAP
YoY	+4.2%	-12.9%	-27.7%	-27.4%	-27.8%