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

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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%.

Kabutan News

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	89.6	30	Oct 3, 2024	J-GAAP
YoY	+4.5%	+7.6%	+0.8%	+70.8%	+76.9%

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	179.7	60	Apr 4, 2024	J-GAAP
YoY	+4.4%	+3.3%	+1.5%	+34.1%	+38.9%

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%