halmek holdings Co.,Ltd., First Half Net Income Decreases by 35%, Current Fiscal Year Dividend Revised to 20 yen

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Thu Nov 14, 2024 3:30 pm JST Earnings

7119 halmek holdings Co.,Ltd. 【IFRS】

Earnings Report

halmek holdings Co.,Ltd. <7119> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 34.7% from the same period last year to 269 million yen. The progress rate against the 600 million yen full-year plan was 44.8%, also falling below the three-year average of 54.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 5.2 times that of the same period last year, reaching 331 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 net income/loss turned to a loss of 140 million yen (compared to a profit of 68 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.6% in the same period last year to -2.5%.

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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, 2023	15,253	776	622	412	38.4	91.3	Nov 13, 2023	IFRS
Apr - Sep, 2024	16,921	413	390	269	24.7	41.1	Nov 14, 2024	IFRS
YoY	+10.9%	-46.8%	-37.3%	-34.7%	-35.6%

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	16,500	400	375	250	22.9	0	May 15, 2024	IFRS
Apr - Sep, 2024 Results	16,921	413	390	269	24.7	0	Nov 14, 2024	IFRS
Revision Rate	+2.6%	+3.3%	+4.0%	+7.6%	+7.9%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	34,000	1,000	950	600	54.9	0	May 15, 2024	IFRS
Mar, 2025 New	34,000	1,000	950	600	54.9	20	Nov 14, 2024	IFRS
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	16,162	81	59	64	5.9	0	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	17,079	587	560	331	30.3	20	Nov 14, 2024	IFRS
YoY	+5.7%	+624.7%	+849.2%	+417.2%	+411.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	28,738	2,030	1,864	1,248	155.1	0	May 15, 2023	IFRS
Mar, 2024	31,415	857	681	476	44.0	0	May 15, 2024	IFRS
Mar, 2025 Guidance	34,000	1,000	950	600	54.9	20	Nov 14, 2024	IFRS
YoY	+8.2%	+16.7%	+39.5%	+26.1%	+24.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,017	113	103	68	6.3	1.6	Nov 13, 2023	IFRS
Oct - Dec, 2023	10,113	956	946	628	58.2	9.5	Feb 14, 2024	IFRS
Jan - Mar, 2024	6,049	-875	-887	-564	-52.1	-14.5	May 15, 2024	IFRS
Apr - Jun, 2024	9,320	604	593	409	37.6	6.5	Aug 14, 2024	IFRS
Jul - Sep, 2024	7,601	-191	-203	-140	-12.9	-2.5	Nov 14, 2024	IFRS
YoY	+8.3%	－	－	－	－