HOSHIIRYO-SANKI CO., LTD., July-September (2Q) Ordinary Profit Increases by 21%

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Tue Nov 12, 2024 3:45 pm JST Earnings

7634 HOSHIIRYO-SANKI CO., LTD. 【J-GAAP】

Earnings Report

HOSHIIRYO-SANKI CO., LTD. <7634> [TSE-S] announced its financial results after the market closed on November 12th (15:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 924 million yen, a 1.9% increase compared to the same period last year. However, The progress rate against the 2.05 billion yen full-year plan was 45.1%, almost the same as the five-year average of 46.4%.

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 nearly flat at 1.12 billion yen, down 0.4% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 21.2% from the same period last year, reaching 605 million yen. The operating profit margin rose from 13.4% in the same period last year to 15.6%.

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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	6,490	805	827	560	180.0	45.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	6,963	878	907	620	199.2	44.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	7,285	880	924	622	199.7	45.1	Nov 12, 2024	J-GAAP
YoY	+4.6%	+0.2%	+1.9%	+0.3%	+0.3%

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	7,250	930	950	660	211.6	35	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	7,285	880	924	622	199.7	35	Nov 12, 2024	J-GAAP
Revision Rate	+0.5%	-5.4%	-2.7%	-5.8%	-5.6%

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	7,815	1,083	1,131	773	248.2	35	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,715	1,130	1,126	798	255.8	35	Nov 12, 2024	J-GAAP
YoY	-1.3%	+4.3%	-0.4%	+3.2%	+3.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,779	1,777	1,817	1,253	403.0	60	May 12, 2023	J-GAAP
Mar, 2024	14,778	1,961	2,038	1,393	447.2	70	May 15, 2024	J-GAAP
Mar, 2025 Guidance	15,000	2,010	2,050	1,420	455.3	70	May 15, 2024	J-GAAP
YoY	+1.5%	+2.5%	+0.6%	+1.9%	+1.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,625	484	499	344	110.5	13.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,681	518	553	374	120.1	14.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,134	565	578	399	128.1	13.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,594	305	319	212	68.1	8.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,691	575	605	410	131.6	15.6	Nov 12, 2024	J-GAAP
YoY	+1.8%	+18.8%	+21.2%	+19.2%	+19.1%