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HYUGA PRIMARY CARE Co.,Ltd., First Half Ordinary Profit Increases by 2.2 times, Current Fiscal Year Dividend Revised to 20 yen

Thu Nov 14, 2024 3:30 pm JST Earnings

7133 HYUGA PRIMARY CARE Co.,Ltd. 【J-GAAP】

Earnings Report

HYUGA PRIMARY CARE Co.,Ltd. <7133> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.2 times that of the previous period non-consolidated to 435 million yen. The progress rate against the 889 million yen full-year plan was 48.9%, exceeding the four-year average of 39.7%.

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 decrease by 12.2% from the same period last year to 454 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 20 yen (compared to no dividend in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.0 times that of the same period last year, reaching 294 million yen. The operating profit margin drastically improved from 6.9% in the same period last year to 12.2%.

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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 3,168 254 263 178 25.3 47.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 3,899 201 199 134 18.8 27.8 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 4,719 448 435 291 41.0 48.9 Nov 14, 2024 J-GAAP
YoY +21.0% +122.9% +118.6% +117.2% +118.0%

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 4,532 397 381 263 37.0 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 4,719 448 435 291 41.0 0 Nov 14, 2024 J-GAAP
Revision Rate +4.1% +12.8% +14.2% +10.6% +10.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 9,455 929 889 618 86.7 0 May 14, 2024 J-GAAP
Mar, 2025 New 9,455 929 889 618 86.7 20 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
Oct - Mar, 2023 4,386 509 517 307 43.2 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,736 481 454 327 45.9 20 Nov 14, 2024 J-GAAP
YoY +8.0% -5.5% -12.2% +6.5% +6.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,657 530 557 382 53.9 0 May 12, 2023 J-GAAP
Mar, 2024 8,285 710 716 441 62.1 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 9,455 929 889 618 86.7 20 Nov 14, 2024 J-GAAP
YoY +14.1% +30.8% +24.2% +40.1% +39.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,104 146 144 98 13.8 6.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 2,197 264 267 182 25.7 12.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,189 245 250 125 17.6 11.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,240 145 141 94 13.4 6.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,479 303 294 197 27.8 12.2 Nov 14, 2024 J-GAAP
YoY +17.8% +107.5% +104.2% +101.0% +101.9%

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