HONEYS HOLDINGS, First Half Ordinary Profit Decreases by 9%, Sep-Nov Ordinary Profit Decreases by 17%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Jan 8, 2025 3:30 pm JST Earnings

2792 HONEYS HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

HONEYS HOLDINGS CO.,LTD. <2792> [TSE Prime] announced its financial results after the market closed on January 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) decreased 9.3% from the same period last year to 3.32 billion yen. The progress rate toward the full-year plan of 7.5 billion yen was 44.4%, also falling below the five-year average of 57.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to grow 15.6% from the same period last year, reaching 4.17 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 1.69 billion yen, a 16.7% decrease compared to the same period last year. The operating profit margin decreased from 13.7% in the same period last year to 13.6%.

Kabutan News

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
Jun - Nov, 2022	26,067	3,085	3,296	2,173	78.0	41.1	Jan 6, 2023	J-GAAP
Jun - Nov, 2023	27,569	3,595	3,670	2,427	87.1	50.4	Jan 10, 2024	J-GAAP
Jun - Nov, 2024	29,488	3,295	3,327	2,080	74.6	44.4	Jan 8, 2025	J-GAAP
YoY	+7.0%	-8.3%	-9.3%	-14.3%	-14.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	28,800	3,300	3,300	2,100	75.3	25	Jul 9, 2024	J-GAAP
Jun - Nov, 2024 Results	29,488	3,295	3,327	2,080	74.6	25	Jan 8, 2025	J-GAAP
Revision Rate	+2.4%	-0.2%	+0.8%	-1.0%	-0.9%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	59,000	7,400	7,500	4,900	175.8	55	Jul 9, 2024	J-GAAP
May, 2025 New	59,500	7,400	7,500	4,900	175.8	55	Jan 8, 2025	J-GAAP
Revision Rate	+0.8%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	29,002	3,375	3,611	2,449	87.9	30	Jul 9, 2024	J-GAAP
Dec - May, 2024 Guidance	30,012	4,105	4,173	2,820	101.2	30	Jan 8, 2025	J-GAAP
YoY	+3.5%	+21.6%	+15.6%	+15.1%	+15.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	54,888	7,670	8,021	5,336	191.5	50	Jul 11, 2023	J-GAAP
May, 2024	56,571	6,970	7,281	4,876	175.0	55	Jul 9, 2024	J-GAAP
May, 2025 Guidance	59,500	7,400	7,500	4,900	175.8	55	Jan 8, 2025	J-GAAP
YoY	+5.2%	+6.2%	+3.0%	+0.5%	+0.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	14,552	1,988	2,035	1,377	49.4	13.7	Jan 10, 2024	J-GAAP
Dec - Feb, 2023	12,178	326	501	365	13.1	2.7	Mar 28, 2024	J-GAAP
Mar - May, 2024	16,824	3,049	3,110	2,084	74.8	18.1	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	14,308	1,233	1,632	1,081	38.8	8.6	Sep 26, 2024	J-GAAP
Sep - Nov, 2024	15,180	2,062	1,695	999	35.9	13.6	Jan 8, 2025	J-GAAP
YoY	+4.3%	+3.7%	-16.7%	-27.5%	-27.5%