Japan Hospice Holdings Inc., July-September (3Q) Ordinary Profit Increases by 12%, Current Fiscal Year Dividend Revised to 15 yen

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Thu Nov 14, 2024 3:30 pm JST Earnings

7061 Japan Hospice Holdings Inc. 【J-GAAP】

Earnings Report

Japan Hospice Holdings Inc. <7061> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 15.5% from the same period last year to 708 million yen. The progress rate against the 1.4 billion yen full-year plan was 50.6%, also falling below the five-year average of 65.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to surge by 3.6 times that of the same period last year, reaching 692 million yen.

At the same time, the company, which had previously planned no dividend for the current fiscal year, has decided to implement a year-end lump-sum dividend of 15 yen (compared to no dividend in the prior term).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 12.3% from the same period last year, reaching 338 million yen. However, the operating profit margin decreased from 15.3% in the same period last year to 14.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	5,633	591	463	260	32.5	59.2	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	7,221	1,071	838	558	69.5	81.5	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	8,874	944	708	437	53.4	50.6	Nov 14, 2024	J-GAAP
YoY	+22.9%	-11.9%	-15.5%	-21.7%	-23.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	7,319	1,153	1,030	655	79.6	0	Aug 13, 2024	J-GAAP
Jul - Dec, 2024 New	7,319	1,153	1,030	655	79.6	15	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	13,000	1,650	1,400	880	106.9	0	Feb 13, 2024	J-GAAP
Dec, 2024 New	13,000	1,650	1,400	880	106.9	15	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	5,222	606	491	326	40.6	0	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	7,319	1,153	1,030	655	79.6	15	Nov 14, 2024	J-GAAP
YoY	+40.2%	+90.3%	+109.8%	+100.9%	+96.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	7,894	959	782	454	56.7	0	Feb 10, 2023	J-GAAP
Dec, 2023	9,871	1,283	1,028	681	84.8	0	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	13,000	1,650	1,400	880	106.9	15	Nov 14, 2024	J-GAAP
YoY	+31.7%	+28.6%	+36.2%	+29.2%	+26.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,572	394	301	203	25.3	15.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,650	212	190	123	15.3	8.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,725	268	246	152	18.7	9.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,956	229	124	73	8.9	7.7	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	3,193	447	338	212	25.9	14.0	Nov 14, 2024	J-GAAP
YoY	+24.1%	+13.5%	+12.3%	+4.4%	+2.5%