HIROTA GROUP HOLDINGS Co.,Ltd., First Half Net Income Loss Widens

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Thu Nov 14, 2024 4:40 pm JST Earnings

3346 HIROTA GROUP HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

HIROTA GROUP HOLDINGS Co.,Ltd. <3346> [NSE-N] announced its financial results after the market closed on November 14th (16:40). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 187 million yen (compared to a loss of 167 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 30 million yen. The company has been in a state of excessive liabilities (335 million yen) for five consecutive quarters.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 337 million yen (compared to a loss of 378 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of loss of 103 million yen (compared to a loss of 107 million yen in the same period last year). The operating profit/loss margin significantly improved from -18.4% in the same period last year to -15.3%.

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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	1,055	-9	-7	1	0.1	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,126	-166	-166	-167	-11.7	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,195	-182	-180	-187	-10.6	ー	Nov 14, 2024	J-GAAP
YoY	+6.1%	-9.6%	-8.4%	-12.0%	+9.4%

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	1,290	-40	-40	-30	-1.7	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,195	-182	-180	-187	-10.6	0	Nov 14, 2024	J-GAAP
Revision Rate	-7.4%	-355.0%	-350.0%	-523.3%	-522.2%

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	1,237	-214	-218	-378	-25.9	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,055	342	330	337	19.2	0	Nov 14, 2024	J-GAAP
YoY	+66.1%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,268	19	16	16	1.2	0	May 12, 2023	J-GAAP
Mar, 2024	2,363	-380	-384	-545	-37.3	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	3,250	160	150	150	8.5	0	May 14, 2024	J-GAAP
YoY	+37.5%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	582	-107	-107	-107	-7.5	-18.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	632	-130	-131	-132	-9.3	-20.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	605	-84	-87	-246	-16.9	-13.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	593	-90	-84	-84	-4.8	-15.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	602	-92	-96	-103	-5.9	-15.3	Nov 14, 2024	J-GAAP
YoY	+3.4%	+14.0%	+10.3%	+3.7%	+22.1%