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HEIWADO, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 3%, Sep-Nov Ordinary Profit Increases by 7%

Thu Dec 26, 2024 1:30 pm JST Earnings

8276 HEIWADO CO.,LTD. 【J-GAAP】

Earnings Report

HEIWADO CO.,LTD. <8276> [TSE Prime] announced its financial results in the afternoon session on December 26th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 3.3% from the same period last year, reaching 9.42 billion yen. However, the progress rate toward the full-year plan of 14.7 billion yen was 64.1%, almost the same as the five-year average of 64.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to decrease 1.6% from the same period last year to 5.27 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 6.8% from the same period last year, reaching 2.35 billion yen. The operating profit margin remained almost flat, changing from 1.8% in the same period last year to 2.0%.

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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
Mar - Nov, 2022 305,743 6,989 7,986 4,787 91.3 61.1 Dec 27, 2022 J-GAAP
Mar - Nov, 2023 312,498 8,275 9,121 5,400 103.0 63.0 Dec 28, 2023 J-GAAP
Mar - Nov, 2024 325,984 8,460 9,425 6,608 128.2 64.1 Dec 26, 2024 J-GAAP
YoY +4.3% +2.2% +3.3% +22.4% +24.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 217,464 6,871 7,566 2,655 50.6 23 Apr 4, 2024 J-GAAP
Sep - Feb, 2024 Guidance 227,355 7,394 7,630 4,536 89.9 30 Oct 3, 2024 J-GAAP
YoY +4.5% +7.6% +0.8% +70.8% +77.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 415,675 11,279 13,069 7,516 143.3 42 Apr 4, 2023 J-GAAP
Feb, 2024 425,424 13,257 14,482 6,784 129.4 42 Apr 4, 2024 J-GAAP
Feb, 2025 Guidance 444,000 13,700 14,700 9,100 180.4 60 Apr 4, 2024 J-GAAP
YoY +4.4% +3.3% +1.5% +34.1% +39.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 104,538 1,889 2,205 1,271 24.2 1.8 Dec 28, 2023 J-GAAP
Dec - Feb, 2023 112,926 4,982 5,361 1,384 26.4 4.4 Apr 4, 2024 J-GAAP
Mar - May, 2024 105,278 2,833 3,213 2,006 38.6 2.7 Jun 27, 2024 J-GAAP
Jun - Aug, 2024 111,367 3,473 3,857 2,558 49.4 3.1 Oct 3, 2024 J-GAAP
Sep - Nov, 2024 109,339 2,154 2,355 2,044 39.7 2.0 Dec 26, 2024 J-GAAP
YoY +4.6% +14.0% +6.8% +60.8% +63.7%

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