HOPE, INC., First Half Ordinary Profit Decreases by 54%

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Thu Nov 14, 2024 4:00 pm JST Earnings

6195 HOPE, INC. 【J-GAAP】

Earnings Report

HOPE, INC. <6195> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 54.2% from the same period last year to 65 million yen. The progress rate against the 283 million yen full-year plan was 23.0%, also falling below the same period of the previous year of 62.3%.

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 surge by 2.5 times that of the same period last year, reaching 218 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.4% from the same period last year, reaching 54 million yen. The operating profit margin remained almost flat, changing from 7.8% in the same period last year to 7.9%.

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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	1,177	223	217	5,028	446.3	135.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,204	142	142	104	6.4	62.3	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,308	64	65	50	3.1	23.0	Nov 14, 2024	J-GAAP
YoY	+8.6%	-54.9%	-54.2%	-51.9%	-51.6%

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	1,308	64	65	50	3.1	0	Nov 11, 2024	J-GAAP
Apr - Sep, 2024 Results	1,308	64	65	50	3.1	0	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	-1.6%

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	1,349	86	86	157	9.6	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,713	218	218	278	17.6	0	Nov 11, 2024	J-GAAP
YoY	+27.0%	+153.5%	+153.5%	+77.1%	+83.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,157	181	160	5,028	400.2	0	May 11, 2023	J-GAAP
Mar, 2024	2,553	228	228	261	15.9	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	3,021	282	283	328	20.7	0	Oct 31, 2024	J-GAAP
YoY	+18.3%	+23.7%	+24.1%	+25.7%	+30.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	587	46	46	35	2.2	7.8	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	610	47	46	38	2.3	7.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	739	39	40	119	7.3	5.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	634	11	11	2	0.2	1.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	674	53	54	48	3.0	7.9	Nov 14, 2024	J-GAAP
YoY	+14.8%	+15.2%	+17.4%	+37.1%	+38.1%