Value HR Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 38%

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Thu Nov 14, 2024 3:30 pm JST Earnings

6078 Value HR Co., Ltd. 【J-GAAP】

Earnings Report

Value HR Co., Ltd. <6078> [TSE-P] 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 26.6% from the same period last year to 741 million yen. The progress rate against the 1.5 billion yen full-year plan was 49.4%, also falling below the five-year average of 67.4%.

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 expand by 69.0% from the same period last year, reaching 759 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 256 million yen, a 38.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 20.7% in the same period last year to 13.2%.

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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	4,469	793	873	579	22.1	66.5	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	5,135	941	1,010	668	25.5	69.2	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	6,082	755	741	480	18.0	49.4	Nov 14, 2024	J-GAAP
YoY	+18.4%	-19.8%	-26.6%	-28.1%	-29.5%

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	3,720	808	864	578	22.1	12	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,203	959	1,015	685	25.7	13	Aug 14, 2024	J-GAAP
YoY	+13.0%	+18.7%	+17.5%	+18.5%	+16.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	6,168	1,194	1,312	880	33.6	18	Feb 14, 2023	J-GAAP
Dec, 2023	7,100	1,385	1,459	970	37.0	24	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	8,165	1,435	1,500	1,000	37.5	25	Feb 14, 2024	J-GAAP
YoY	+15.0%	+3.6%	+2.8%	+3.1%	+1.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,755	364	415	276	10.5	20.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,965	444	449	302	11.5	22.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,930	279	272	158	6.0	14.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,032	197	213	157	5.9	9.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,120	279	256	165	6.2	13.2	Nov 14, 2024	J-GAAP
YoY	+20.8%	-23.4%	-38.3%	-40.2%	-41.4%