HOKKAN HOLDINGS LIMITED, First Half Ordinary Profit Increases by 1%, Exceeds Full-Year Plan

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Fri Nov 8, 2024 4:00 pm JST Earnings

5902 HOKKAN HOLDINGS LIMITED 【J-GAAP】

Earnings Report

HOKKAN HOLDINGS LIMITED <5902> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 4.61 billion yen, a 1.0% increase compared to the same period last year. The progress rate against the full-year plan of 3.8 billion yen is 121.4%, already exceeding the target and also exceeding the same period of the previous year of 90.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 814 million yen (compared to a profit of 492 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 1.69 billion yen, a 32.9% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.1% in the same period last year to 6.7%.

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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	48,076	2,105	2,557	1,556	127.5	770.2	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	46,265	4,175	4,569	3,237	264.7	90.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	47,914	4,439	4,614	3,178	259.1	121.4	Nov 8, 2024	J-GAAP
YoY	+3.6%	+6.3%	+1.0%	-1.8%	-2.1%

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	47,900	4,400	4,600	3,200	261.1	23	Oct 30, 2024	J-GAAP
Apr - Sep, 2024 Results	47,914	4,439	4,614	3,178	259.1	23	Nov 8, 2024	J-GAAP
Revision Rate	+0.0%	+0.9%	+0.3%	-0.7%	-0.8%

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	44,668	215	492	-518	-42.3	55	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	44,786	-939	-814	-1,278	-103.9	－	Nov 8, 2024	J-GAAP
YoY	+0.3%	－	－	-146.7%	-145.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	93,660	-456	332	-2,007	-164.3	45	May 12, 2023	J-GAAP
Mar, 2024	90,933	4,390	5,061	2,719	222.2	78	May 15, 2024	J-GAAP
Mar, 2025 Guidance	92,700	3,500	3,800	1,900	154.5	－	May 15, 2024	J-GAAP
YoY	+1.9%	-20.3%	-24.9%	-30.1%	-30.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	23,552	2,377	2,527	2,094	171.2	10.1	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	23,012	685	853	462	37.8	3.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	21,656	-470	-361	-980	-80.1	-2.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	24,007	2,841	2,919	2,004	163.6	11.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	23,907	1,598	1,695	1,174	95.7	6.7	Nov 8, 2024	J-GAAP
YoY	+1.5%	-32.8%	-32.9%	-43.9%	-44.1%