HEROZ, First Half Ordinary Profit Decreases by 77%, Aug-Oct Ordinary Profit Turns to Loss

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Fri Dec 13, 2024 3:30 pm JST Earnings

4382 HEROZ, Inc. 【J-GAAP】

Earnings Report

HEROZ, Inc. <4382> [TSE Std] announced its financial results after the market closed on December 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) significantly dropped 76.9% from the same period last year to 49 million yen. The progress rate toward the full-year plan of 450 million yen was 10.9%, also falling below the five-year average of 46.4%.

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 November to April period (second half) is expected to surge 2.6 times that of the same period last year, reaching 401 million yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit/loss turned to a loss of 7 million yen (compared to a profit of 152 million yen in the same period last year). The operating profit margin sharply declined from 14.7% in the same period last year to 1.0%.

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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
May - Oct, 2022	765	37	38	-513	-34.2	17.6	Dec 9, 2022	J-GAAP
May - Oct, 2023	2,335	252	212	-30	-2.0	57.6	Dec 8, 2023	J-GAAP
May - Oct, 2024	2,826	88	49	-118	-7.9	10.9	Dec 13, 2024	J-GAAP
YoY	+21.0%	-65.1%	-76.9%	-293.3%	-287.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Guidance	ー	ー	ー	ー	－	0	Jun 14, 2024	J-GAAP
May - Oct, 2024 Results	2,826	88	49	-118	-7.9	0	Dec 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov - Apr, 2023	2,506	199	156	-1,104	-73.5	0	Jun 14, 2024	J-GAAP
Nov - Apr, 2024 Guidance	3,174	412	401	148	9.8	0	Dec 13, 2024	J-GAAP
YoY	+26.7%	+107.0%	+157.1%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	2,980	257	216	-574	-38.2	0	Jun 9, 2023	J-GAAP
Apr, 2024	4,841	451	368	-1,134	-75.5	0	Jun 14, 2024	J-GAAP
Apr, 2025 Guidance	6,000	500	450	30	2.0	0	Jun 14, 2024	J-GAAP
YoY	+23.9%	+10.9%	+22.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	1,217	179	152	17	1.2	14.7	Dec 8, 2023	J-GAAP
Nov - Jan, 2023	1,296	150	131	-891	-59.3	11.6	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	1,210	49	25	-213	-14.2	4.0	Jun 14, 2024	J-GAAP
May - Jul, 2024	1,403	74	56	-45	-3.0	5.3	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	1,423	14	-7	-73	-4.9	1.0	Dec 13, 2024	J-GAAP
YoY	+16.9%	-92.2%	－	－	－