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

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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%.

Kabutan News

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%	－	－	－	－