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Hosiden Corporation, First Half Ordinary Profit Decreases by 42%

Fri Nov 8, 2024 3:40 pm JST Earnings

6804 Hosiden Corporation 【J-GAAP】

Earnings Report

Hosiden Corporation <6804> [TSE-P] 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) dropped by 42.5% from the same period last year to 6.34 billion yen. The progress rate against the 9.2 billion yen full-year plan was 68.9%, also surpassing the five-year average of 54.4%.

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 60.0% from the same period last year to 2.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 951 million yen, a 82.9% decrease compared to the same period last year. However, the operating profit margin improved from 5.6% in the same period last year to 6.1%.

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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 120,666 10,147 16,070 10,941 199.1 84.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 124,909 6,467 11,017 7,315 140.5 60.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 116,173 7,969 6,340 4,426 85.5 68.9 Nov 8, 2024 J-GAAP
YoY -7.0% +23.2% -42.5% -39.5% -39.2%

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 116,000 8,000 6,300 4,400 85.1 19 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 116,173 7,969 6,340 4,426 85.5 19 Nov 8, 2024 J-GAAP
Revision Rate +0.1% -0.4% +0.6% +0.6% +0.5%

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 94,001 6,458 7,143 4,317 83.2 44 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 110,827 1,231 2,860 1,974 38.8 19 Nov 8, 2024 J-GAAP
YoY +17.9% -80.9% -60.0% -54.3% -53.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 277,244 15,750 18,984 12,637 232.9 71 May 12, 2023 J-GAAP
Mar, 2024 218,910 12,925 18,160 11,632 224.2 68 May 10, 2024 J-GAAP
Mar, 2025 Guidance 227,000 9,200 9,200 6,400 125.8 38 May 10, 2024 J-GAAP
YoY +3.7% -28.8% -49.3% -45.0% -43.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 68,636 3,871 5,557 3,657 70.3 5.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 52,557 4,760 4,330 3,285 63.3 9.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 41,444 1,698 2,813 1,032 19.9 4.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 57,876 4,391 5,389 3,669 71.0 7.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 58,297 3,578 951 757 14.6 6.1 Nov 8, 2024 J-GAAP
YoY -15.1% -7.6% -82.9% -79.3% -79.2%

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