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

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 92.0 44 Nov 14, 2024 J-GAAP
YoY +5.1% -44.1% -39.7% -47.3% -45.6%

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 4,600 208.8 88 May 14, 2024 J-GAAP
YoY +8.6% +2.8% +2.4% -4.2% -1.1%

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%

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