HAKUHODO DY HOLDINGS INCORPORATED, First Half Ordinary Profit Increases by 2.8 times, July-September Ordinary Profit Turns to Profit

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Wed Nov 13, 2024 3:30 pm JST Earnings

2433 HAKUHODO DY HOLDINGS INCORPORATED 【J-GAAP】

Earnings Report

HAKUHODO DY HOLDINGS INCORPORATED <2433> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.8 times that of the same period last year, reaching 9.79 billion yen. However, The progress rate against the 38.5 billion yen full-year plan was 25.5%, almost the same as the five-year average of 26.7%.

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 16.2% from the same period last year to 28.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 3.12 billion yen (compared to a loss of 2.41 billion yen in the same period last year). The operating profit/loss margin significantly improved from -1.2% in the same period last year to 2.1%.

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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	419,382	20,512	23,993	11,713	31.3	39.7	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	399,558	1,346	3,562	-10,872	-29.6	9.4	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	427,853	8,876	9,799	-4,989	-13.6	25.5	Nov 13, 2024	J-GAAP
YoY	+7.1%	+559.4%	+175.1%	+54.1%	+54.1%

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	－	16	Jun 4, 2024	J-GAAP
Apr - Sep, 2024 Results	427,853	8,876	9,799	-4,989	-13.6	16	Nov 13, 2024	J-GAAP
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	547,218	32,942	34,253	35,795	97.5	16	Jun 4, 2024	J-GAAP
Oct - Mar, 2024 Guidance	572,147	27,124	28,701	19,989	54.4	16	Nov 13, 2024	J-GAAP
YoY	+4.6%	-17.7%	-16.2%	-44.2%	-44.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	991,137	55,409	60,378	31,010	83.2	32	May 11, 2023	J-GAAP
Mar, 2024	946,776	34,288	37,815	24,923	67.9	32	Jun 4, 2024	J-GAAP
Mar, 2025 Guidance	1,000,000	36,000	38,500	15,000	40.8	32	Jun 4, 2024	J-GAAP
YoY	+5.6%	+5.0%	+1.8%	-39.8%	-39.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	198,092	-2,422	-2,413	-10,079	-27.4	-1.2	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	246,751	14,283	13,434	5,566	15.2	5.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	300,467	18,659	20,819	30,229	82.3	6.2	Jun 4, 2024	J-GAAP
Apr - Jun, 2024	200,361	4,207	6,674	317	0.9	2.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	227,492	4,669	3,125	-5,306	-14.5	2.1	Nov 13, 2024	J-GAAP
YoY	+14.8%	－	－	+47.4%	+47.3%