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HASEKO Corporation, First Half Ordinary Profit Decreases by 16%

Tue Nov 12, 2024 3:30 pm JST Earnings

1808 HASEKO Corporation 【J-GAAP】

Earnings Report

HASEKO Corporation <1808> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 16.2% from the same period last year to 36.2 billion yen. The progress rate against the 80 billion yen full-year plan was 45.3%, almost the same as the five-year average of 47.2%.

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 grow by 9.1% from the same period last year, reaching 43.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 20.7 billion yen, an increase of 1.2% compared to the same period last year. The operating profit margin remained almost flat, changing from 8.0% in the same period last year to 8.1%.

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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 446,448 37,704 36,569 24,734 90.0 41.4 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 523,006 43,276 43,260 28,703 105.2 51.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 558,754 35,429 36,273 19,373 71.0 45.3 Nov 12, 2024 J-GAAP
YoY +6.8% -18.1% -16.2% -32.5% -32.6%

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 530,000 29,000 30,000 20,000 73.3 40 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 558,754 35,429 36,273 19,373 71.0 40 Nov 12, 2024 J-GAAP
Revision Rate +5.4% +22.2% +20.9% -3.1% -3.1%

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 571,415 42,471 40,074 27,335 100.2 45 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 621,246 46,571 43,727 33,627 123.2 45 Nov 12, 2024 J-GAAP
YoY +8.7% +9.7% +9.1% +23.0% +22.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,027,277 90,162 88,265 59,326 216.1 80 May 11, 2023 J-GAAP
Mar, 2024 1,094,421 85,747 83,334 56,038 205.5 85 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,180,000 82,000 80,000 53,000 194.1 85 May 10, 2024 J-GAAP
YoY +7.8% -4.4% -4.0% -5.4% -5.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 259,087 20,703 20,530 13,708 50.3 8.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 245,846 18,163 17,222 10,890 39.9 7.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 325,569 24,308 22,852 16,445 60.3 7.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 284,774 13,262 15,493 10,843 39.7 4.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 273,980 22,167 20,780 8,530 31.3 8.1 Nov 12, 2024 J-GAAP
YoY +5.7% +7.1% +1.2% -37.8% -37.8%

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