HISAKA WORKS,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 9%

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Thu Nov 14, 2024 2:30 pm JST Earnings

6247 HISAKA WORKS,LTD. 【J-GAAP】

Earnings Report

HISAKA WORKS,LTD. <6247> [TSE-P] announced its financial results in the afternoon session on November 14th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.0% from the same period last year, reaching 1.35 billion yen, resulting in an increase in profits compared to the previous forecast of a 30.2% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 8.7%, from the previous forecast of 2.3 billion yen to 2.5 billion yen (compared to 2.89 billion yen in the previous period), and the declining rate is expected to decrease from 20.6% to 13.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 34.4% from the same period last year to 1.14 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 31.0% from the same period last year, reaching 647 million yen. The operating profit margin improved from 5.4% in the same period last year to 6.6%.

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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	15,555	1,021	1,375	897	31.9	57.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	16,520	851	1,146	814	28.9	39.6	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	18,000	1,129	1,352	1,036	36.8	54.1	Nov 14, 2024	J-GAAP
YoY	+9.0%	+32.7%	+18.0%	+27.3%	+27.2%

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	18,000	600	800	600	21.3	21	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	18,000	1,129	1,352	1,036	36.8	21	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	+88.2%	+69.0%	+72.7%	+72.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	37,000	2,000	2,300	1,600	58.6	42	May 15, 2024	J-GAAP
Mar, 2025 New	37,000	2,200	2,500	1,800	65.9	42	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	+10.0%	+8.7%	+12.5%	+12.5%

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	17,660	1,606	1,750	1,606	57.0	22	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,000	1,071	1,148	764	28.0	21	Nov 14, 2024	J-GAAP
YoY	+7.6%	-33.3%	-34.4%	-52.4%	-50.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,074	1,912	2,392	2,040	72.5	40	May 15, 2023	J-GAAP
Mar, 2024	34,180	2,457	2,896	2,420	85.8	42	May 15, 2024	J-GAAP
Mar, 2025 Guidance	37,000	2,200	2,500	1,800	65.9	42	Nov 14, 2024	J-GAAP
YoY	+8.3%	-10.5%	-13.7%	-25.6%	-23.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,468	456	494	337	12.0	5.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	7,481	329	508	712	25.3	4.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	10,179	1,277	1,242	894	31.7	12.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	7,467	436	705	455	16.1	5.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,533	693	647	581	20.6	6.6	Nov 14, 2024	J-GAAP
YoY	+24.4%	+52.0%	+31.0%	+72.4%	+72.4%