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

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%

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