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

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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	86.8	0	May 14, 2024	J-GAAP
Mar, 2025 New	9,455	929	889	618	86.8	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%	+6.3%

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	86.8	20	Nov 14, 2024	J-GAAP
YoY	+14.1%	+30.8%	+24.2%	+40.1%	+39.9%

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%