H-ONE CO.,LTD., First Half Net Income Increases by 23 times, July-September Net Income Increases by 3.7 times

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Tue Nov 12, 2024 4:00 pm JST Earnings

5989 H-ONE CO.,LTD. 【IFRS】

Earnings Report

H-ONE CO.,LTD. <5989> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 12th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 23 times that of the same period last year, reaching 4.72 billion yen. The progress rate against the 8 billion yen full-year plan was 59.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 3.28 billion yen (compared to a loss of 21.8 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 3.7 times that of the same period last year, reaching 2.07 billion yen. The operating profit margin significantly improved from 1.5% in the same period last year to 5.8%.

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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	110,027	41	179	59	2.1	ー	Nov 8, 2022	IFRS
Apr - Sep, 2023	107,549	563	130	201	7.2	ー	Nov 14, 2023	IFRS
Apr - Sep, 2024	114,057	7,492	7,215	4,720	168.6	72.2	Nov 12, 2024	IFRS
YoY	+6.1%	+1,230.7%	+5,450.0%	+2,248.3%	+2,242.1%

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	－	13	May 14, 2024	IFRS
Apr - Sep, 2024 Results	114,057	7,492	7,215	4,720	168.6	13	Nov 12, 2024	IFRS
Revision Rate	－	－	－	－	－

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	125,181	-19,389	-19,484	-21,857	-781.8	8	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	115,943	3,508	2,785	3,280	116.9	13	Nov 12, 2024	IFRS
YoY	-7.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	225,511	-9,270	-9,742	-6,993	-249.3	20	May 15, 2023	IFRS
Mar, 2024	232,730	-18,826	-19,354	-21,656	-774.6	20	May 14, 2024	IFRS
Mar, 2025 Guidance	230,000	11,000	10,000	8,000	285.2	26	May 14, 2024	IFRS
YoY	-1.2%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	55,863	820	623	558	20.0	1.5	Nov 14, 2023	IFRS
Oct - Dec, 2023	65,691	-15,484	-15,352	-17,238	-616.7	-23.6	Feb 14, 2024	IFRS
Jan - Mar, 2024	59,490	-3,905	-4,132	-4,619	-165.2	-6.6	May 14, 2024	IFRS
Apr - Jun, 2024	57,876	4,213	4,078	2,650	94.8	7.3	Aug 8, 2024	IFRS
Jul - Sep, 2024	56,181	3,279	3,137	2,070	74.0	5.8	Nov 12, 2024	IFRS
YoY	+0.6%	+299.9%	+403.5%	+271.0%	+269.9%