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HAPPINET CORPORATION, First Half Ordinary Profit Increases by 36%, July-September Ordinary Profit Increases by 24%

Tue Nov 12, 2024 4:00 pm JST Earnings

7552 HAPPINET CORPORATION 【J-GAAP】

Earnings Report

HAPPINET CORPORATION <7552> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 6.66 billion yen, an increase of 35.9% compared to the same period last year. The progress rate against the 8 billion yen full-year plan was 83.3%, also surpassing the five-year average of 54.0%.

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 significant drop by 67.1% from the same period last year to 1.34 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.3% from the same period last year, reaching 3.18 billion yen. The operating profit margin improved from 3.2% in the same period last year to 3.8%.

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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 140,370 3,278 3,495 2,254 101.9 56.4 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 160,957 4,728 4,901 4,129 185.6 54.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 168,547 6,523 6,660 4,386 198.1 83.3 Nov 12, 2024 J-GAAP
YoY +4.7% +38.0% +35.9% +6.2% +6.7%

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 165,000 6,000 6,200 4,000 182.3 25 Aug 8, 2024 J-GAAP
Apr - Sep, 2024 Results 168,547 6,523 6,660 4,386 198.1 25 Nov 12, 2024 J-GAAP
Revision Rate +2.1% +8.7% +7.4% +9.7% +8.6%

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 189,504 3,951 4,073 2,452 110.1 100 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 161,453 1,277 1,340 614 28.0 25 Nov 12, 2024 J-GAAP
YoY -14.8% -67.7% -67.1% -75.0% -74.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 307,253 5,842 6,194 3,561 160.8 65 May 12, 2023 J-GAAP
Mar, 2024 350,461 8,679 8,974 6,581 295.5 125 May 13, 2024 J-GAAP
Mar, 2025 Guidance 330,000 7,800 8,000 5,000 227.8 50 May 13, 2024 J-GAAP
YoY -5.8% -10.1% -10.9% -24.0% -22.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 78,658 2,548 2,563 2,670 120.0 3.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 111,435 2,986 3,056 1,810 81.3 2.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 78,069 965 1,017 642 28.8 1.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 82,358 3,278 3,474 2,388 107.2 4.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 86,189 3,245 3,186 1,998 90.2 3.8 Nov 12, 2024 J-GAAP
YoY +9.6% +27.4% +24.3% -25.2% -24.8%

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