Hakudo Co.,Ltd., First Half Ordinary Profit Increases by 25%, July-September Ordinary Profit Increases by 7%

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Wed Nov 13, 2024 3:00 pm JST Earnings

7637 Hakudo Co.,Ltd. 【J-GAAP】

Earnings Report

Hakudo Co.,Ltd. <7637> [TSE-P] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 25.2% from the same period last year, reaching 1.77 billion yen. The progress rate against the 3.2 billion yen full-year plan was 55.5%, also surpassing the five-year average of 46.3%.

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 nearly flat at 1.42 billion yen, down 0.4% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.7% from the same period last year, reaching 781 million yen. However, the operating profit margin worsened from 4.8% in the same period last year to 4.2%.

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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	31,775	2,221	2,359	1,643	144.9	59.2	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	28,709	1,220	1,419	985	86.9	49.8	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	32,488	1,570	1,777	1,223	107.9	55.5	Nov 13, 2024	J-GAAP
YoY	+13.2%	+28.7%	+25.2%	+24.2%	+24.2%

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	31,800	1,560	1,780	1,220	107.6	49	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	32,488	1,570	1,777	1,223	107.9	49	Nov 13, 2024	J-GAAP
Revision Rate	+2.2%	+0.6%	-0.2%	+0.2%	+0.3%

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	28,544	1,303	1,428	931	82.1	45	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	31,612	1,490	1,423	917	80.9	36	Nov 13, 2024	J-GAAP
YoY	+10.7%	+14.4%	-0.4%	-1.5%	-1.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	61,602	3,777	3,988	2,737	241.4	109	May 12, 2023	J-GAAP
Mar, 2024	57,253	2,523	2,847	1,916	169.0	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	64,100	3,060	3,200	2,140	188.7	85	May 10, 2024	J-GAAP
YoY	+12.0%	+21.3%	+12.4%	+11.7%	+11.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,992	669	732	512	45.1	4.8	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	14,221	665	782	527	46.5	4.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	14,323	638	646	404	35.6	4.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,745	868	996	688	60.7	5.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	16,743	702	781	535	47.2	4.2	Nov 13, 2024	J-GAAP
YoY	+19.7%	+4.9%	+6.7%	+4.5%	+4.5%