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HAMAI CO.,LTD, First Half Ordinary Profit Decreases by 80%, July-September Ordinary Profit Decreases by 68%

Wed Nov 13, 2024 2:30 pm JST Earnings

6131 HAMAI CO.,LTD 【J-GAAP】

Earnings Report

HAMAI CO.,LTD <6131> [TSE-S] announced its financial results in the afternoon session on November 13th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 79.7% from the same period last year to 94 million yen. The progress rate against the 400 million yen full-year plan was 23.5%, also falling below the five-year average of 52.3%.

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 decrease by 22.9% from the same period last year to 306 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 81 million yen, a 67.9% decrease compared to the same period last year. The operating profit margin sharply declined from 11.0% in the same period last year to 4.5%.

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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 3,302 309 270 272 83.2 46.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,373 467 464 317 97.0 53.9 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 3,869 102 94 47 14.8 23.5 Nov 13, 2024 J-GAAP
YoY -11.5% -78.2% -79.7% -85.2% -84.7%

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 3,869 102 94 47 14.8 － Oct 18, 2024 J-GAAP
Apr - Sep, 2024 Results 3,869 102 94 47 14.8 0 Nov 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.6%

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 4,382 392 397 381 118.0 30 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,131 288 306 233 73.1 35 Oct 18, 2024 J-GAAP
YoY -5.7% -26.5% -22.9% -38.8% -38.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,916 604 584 641 196.0 25 May 15, 2023 J-GAAP
Mar, 2024 8,755 859 861 698 216.1 30 May 15, 2024 J-GAAP
Mar, 2025 Guidance 8,000 390 400 280 87.9 35 Oct 18, 2024 J-GAAP
YoY -8.6% -54.6% -53.5% -59.9% -59.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,369 260 252 180 55.1 11.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 2,379 285 284 194 59.7 12.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,003 107 113 187 57.9 5.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,706 4 13 -7 -2.4 0.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,163 98 81 54 17.1 4.5 Nov 13, 2024 J-GAAP
YoY -8.7% -62.3% -67.9% -70.0% -69.1%

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