HIKARI BUSINESS FORM CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 93%, July-September Ordinary Profit Decreases by 88%

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Fri Nov 8, 2024 6:00 pm JST Earnings

3948 HIKARI BUSINESS FORM CO., LTD. 【J-GAAP】

Earnings Report

HIKARI BUSINESS FORM CO., LTD. <3948> [TSE-S] announced its financial results after the market closed on November 8th (18:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 92.7% from the same period last year to 88 million yen. The progress rate against the 260 million yen full-year plan was 33.8%, also falling below the five-year average of 81.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 57.8% from the same period last year, reaching 172 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit significantly dropped to 15 million yen, a 87.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.5% in the same period last year to 0.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	9,047	1,562	1,556	989	171.9	78.8	Nov 9, 2022	J-GAAP
Jan - Sep, 2023	7,734	1,171	1,199	675	119.4	91.7	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	5,862	59	88	51	9.3	33.8	Nov 8, 2024	J-GAAP
YoY	-24.2%	-95.0%	-92.7%	-92.4%	-92.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	4,365	222	231	152	27.0	35	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,898	177	187	135	24.2	20	Aug 8, 2024	J-GAAP
YoY	-10.7%	-20.3%	-19.0%	-11.2%	-10.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	11,994	1,968	1,975	1,272	221.0	50	Feb 10, 2023	J-GAAP
Dec, 2023	9,876	1,270	1,308	748	132.7	35	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	7,700	230	260	180	32.3	38	Jul 8, 2024	J-GAAP
YoY	-22.0%	-81.9%	-80.1%	-75.9%	-75.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,223	123	122	79	14.0	5.5	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,142	99	109	73	13.0	4.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,982	71	82	55	9.9	3.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,820	-18	-9	-10	-1.8	-1.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,060	6	15	6	1.1	0.3	Nov 8, 2024	J-GAAP
YoY	-7.3%	-95.1%	-87.7%	-92.4%	-92.2%