Hibiya Engineering,Ltd., First Half Ordinary Profit Increases by 2.5 times, July-September Ordinary Profit Increases by 3.7 times

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Thu Nov 14, 2024 2:00 pm JST Earnings

1982 Hibiya Engineering,Ltd. 【J-GAAP】

Earnings Report

Hibiya Engineering,Ltd. <1982> [TSE-P] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.5 times that of the same period last year, reaching 3.57 billion yen. The progress rate against the 6.6 billion yen full-year plan was 54.2%, also surpassing the five-year average of 33.4%.

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 drop by 39.7% from the same period last year to 3.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.7 times that of the same period last year, reaching 2.34 billion yen. The operating profit margin drastically improved from 3.4% in the same period last year to 11.3%.

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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	28,614	753	1,149	754	32.3	17.4	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	33,010	976	1,430	956	41.8	22.2	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	37,660	3,238	3,576	2,574	114.6	54.2	Nov 14, 2024	J-GAAP
YoY	+14.1%	+231.8%	+150.1%	+169.2%	+174.0%

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	－	44	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	37,660	3,238	3,576	2,574	114.6	44	Nov 14, 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	50,752	4,761	5,016	3,844	169.0	43	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	53,340	2,662	3,024	2,026	91.8	44	Nov 14, 2024	J-GAAP
YoY	+5.1%	-44.1%	-39.7%	-47.3%	-45.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	83,978	5,953	6,617	4,644	200.5	85	May 11, 2023	J-GAAP
Mar, 2024	83,762	5,737	6,446	4,800	211.1	86	May 14, 2024	J-GAAP
Mar, 2025 Guidance	91,000	5,900	6,600	4,600	208.4	88	May 14, 2024	J-GAAP
YoY	+8.6%	+2.8%	+2.4%	-4.2%	-1.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,845	570	634	416	18.2	3.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	21,085	1,004	1,213	918	40.3	4.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	29,667	3,757	3,803	2,926	128.7	12.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	17,543	973	1,229	828	36.8	5.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	20,117	2,265	2,347	1,746	77.8	11.3	Nov 14, 2024	J-GAAP
YoY	+19.4%	+297.4%	+270.2%	+319.7%	+327.0%