Hakuten Corporation, July-September (3Q) Ordinary Profit Turns to Loss

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Tue Nov 12, 2024 3:30 pm JST Earnings

2173 Hakuten Corporation 【J-GAAP】

Earnings Report

Hakuten Corporation <2173> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 859 million yen. The progress rate against the 1.19 billion yen full-year plan was 72.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 65.2% from the same period last year to 331 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 141 million yen (compared to a profit of 101 million yen in the previous period). The operating profit/loss margin drastically worsened from 3.0% in the same period last year to -5.1%.

Note: Due to a change in the fiscal year ending December 2023 (9-month fiscal year), comparisons with the same period in the previous year are not provided since there is no corresponding period.

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
Apr - Dec, 2022	9,693	489	497	365	23.8	68.9	Feb 14, 2023	J-GAAP
Apr - Dec, 2023 Changed	13,136	1,027	1,035	678	44.2	ー	Feb 14, 2024	J-GAAP
Jan - Sep, 2024	12,847	866	859	575	37.2	72.2	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Dec, 2023 Changed	6,844	948	951	665	43.3	13.50	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	6,931	192	190	140	9.0	9	Aug 8, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,943	739	721	553	36.1	10	May 15, 2023	J-GAAP
Dec, 2023 Changed	13,136	1,027	1,035	678	44.2	13.50	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	17,000	1,200	1,190	820	52.8	17	Feb 14, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,253	99	101	54	3.6	3.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	6,844	948	951	665	43.4	13.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,462	286	283	192	12.5	6.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,607	722	717	488	31.6	12.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,778	-142	-141	-105	-6.8	-5.1	Nov 12, 2024	J-GAAP
YoY	-14.6%	－	－	－	－