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HIKARI HEIGHTS-VARUS CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Wed Nov 13, 2024 4:30 pm JST Earnings

2137 HIKARI HEIGHTS-VARUS CO.,LTD. 【J-GAAP】

Earnings Report

HIKARI HEIGHTS-VARUS CO.,LTD. <2137> [SSE-A] announced its financial results after the market closed on November 13th (16:30). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 125 million yen (compared to a profit of 48 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to surge by 25 times that of the same period last year, reaching 225 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 30 million yen (compared to a profit of 47 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.1% in the same period last year to -5.9%.

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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 1,533 29 30 23 11.4 56.6 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 1,515 9 48 34 16.3 84.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 1,511 -149 -125 -159 -76.2 ー Nov 13, 2024 J-GAAP
YoY -0.3% － － － －

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 － － May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 1,511 -149 -125 -159 -76.2 0 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 1,510 -20 9 8 3.9 12 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,989 199 225 219 104.8 － Nov 13, 2024 J-GAAP
YoY +31.7% － +2,400.0% +2,637.5% +2,622.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,053 10 53 45 21.6 12 May 15, 2023 J-GAAP
Mar, 2024 3,025 -11 57 42 20.2 12 May 15, 2024 J-GAAP
Mar, 2025 Guidance 3,500 50 100 60 28.7 － May 15, 2024 J-GAAP
YoY +15.7% － +75.4% +42.9% +42.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 759 8 47 33 15.9 1.1 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 770 10 16 13 6.3 1.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 740 -30 -7 -5 -2.4 -4.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 742 -104 -95 -68 -32.9 -14.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 769 -45 -30 -91 -43.6 -5.9 Nov 13, 2024 J-GAAP
YoY +1.3% － － － －

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