HIKARI TSUSHIN,INC., July-September (2Q) Net Income Decreases by 92%, Current Fiscal Year Dividend Revised Upward by 15 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 12, 2024 3:00 pm JST Earnings

9435 HIKARI TSUSHIN,INC. 【IFRS】

Earnings Report

HIKARI TSUSHIN,INC. <9435> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 12th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.0% from the same period last year to 48.2 billion yen. However, The progress rate against the 90 billion yen full-year plan was 53.6%, almost the same as the five-year average of 55.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 30.9% from the same period last year to 41.7 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 624 yen to 639 yen (compared to 638 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 2.3 billion yen, a 92.1% decrease compared to the same period last year. However, the operating profit margin rose from 15.7% in the same period last year to 16.8%.

Kabutan News

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	310,002	46,145	82,278	59,811	1,333.6	69.4	Nov 14, 2022	IFRS
Apr - Sep, 2023	296,479	48,491	87,219	61,761	1,386.4	51.9	Nov 13, 2023	IFRS
Apr - Sep, 2024	325,783	57,421	69,139	48,203	1,092.5	ー	Nov 12, 2024	IFRS
YoY	+9.9%	+18.4%	-20.7%	-22.0%	-21.2%

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	ー	ー	ー	ー	－	312	Aug 13, 2024	IFRS
Apr - Sep, 2024 Results	325,783	57,421	69,139	48,203	1,092.5	317	Nov 12, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	620,000	100,000	ー	90,000	2,053.2	624	Aug 13, 2024	IFRS
Mar, 2025 New	620,000	100,000	ー	90,000	2,053.2	639	Nov 12, 2024	IFRS
Revision Rate	0.0%	0.0%	－	0.0%	0.0%

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	305,469	46,055	80,781	60,464	1,362.2	350	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	294,217	42,579	ー	41,797	953.5	322	Nov 12, 2024	IFRS
YoY	-3.7%	-7.5%	－	-30.9%	-30.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	643,984	86,615	118,479	91,345	2,037.7	545	May 16, 2023	IFRS
Mar, 2024	601,948	94,546	168,000	122,225	2,753.5	638	May 15, 2024	IFRS
Mar, 2025 Guidance	620,000	100,000	ー	90,000	2,053.2	639	Nov 12, 2024	IFRS
YoY	+3.0%	+5.8%	－	-26.4%	-25.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	156,339	24,525	39,636	29,022	651.5	15.7	Nov 13, 2023	IFRS
Oct - Dec, 2023	150,209	26,015	20,721	12,077	271.6	17.3	Feb 13, 2024	IFRS
Jan - Mar, 2024	155,260	20,040	60,060	48,387	1,090.1	12.9	May 15, 2024	IFRS
Apr - Jun, 2024	146,154	27,216	65,768	45,899	1,039.7	18.6	Aug 13, 2024	IFRS
Jul - Sep, 2024	179,629	30,205	3,371	2,304	52.2	16.8	Nov 12, 2024	IFRS
YoY	+14.9%	+23.2%	-91.5%	-92.1%	-92.0%