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HIGASHIMARU CO.,LTD., First Half Ordinary Profit Increases by 5.1 times

Wed Nov 13, 2024 2:00 pm JST Earnings

2058 HIGASHIMARU CO.,LTD. 【J-GAAP】

Earnings Report

HIGASHIMARU CO.,LTD. <2058> [FukuokaSE] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 5.1 times that of the same period last year, reaching 213 million yen, exceeded the previous forecast of 54 million yen.

The progress rate against the 259 million yen full-year plan was 82.2%, also surpassing the five-year average of 62.9%.

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 surge by 3.5 times that of the same period last year, reaching 46 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.7 times that of the same period last year, reaching 159 million yen. The operating profit margin improved from 1.2% in the same period last year to 3.9%.

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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 5,959 -66 29 2 0.6 29.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,346 -8 42 -25 -6.5 76.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 7,335 169 213 157 40.0 82.2 Nov 13, 2024 J-GAAP
YoY +15.6% － +407.1% － －

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 6,750 12 54 1 0.3 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 7,335 169 213 157 40.0 0 Nov 13, 2024 J-GAAP
Revision Rate +8.7% +1,308.3% +294.4% +15,600.0% +15,880.0%

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 6,664 -3 13 -79 -20.1 9 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,134 60 46 -44 -11.1 9 Nov 13, 2024 J-GAAP
YoY -8.0% － +253.8% +44.3% +44.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,724 -33 98 -75 -19.2 9 May 15, 2023 J-GAAP
Mar, 2024 13,010 -11 55 -104 -26.5 9 May 13, 2024 J-GAAP
Mar, 2025 Guidance 13,469 229 259 113 28.6 9 May 13, 2024 J-GAAP
YoY +3.5% － +370.9% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,424 40 60 7 1.8 1.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 3,837 153 137 66 16.9 4.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,827 -156 -124 -145 -36.9 -5.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,455 16 54 101 25.7 0.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,880 153 159 56 14.3 3.9 Nov 13, 2024 J-GAAP
YoY +13.3% +282.5% +165.0% +700.0% +678.7%

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