HIGASHI TWENTY ONE, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 16%, Oct-Dec Ordinary Profit Increases by 55%

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Fri Jan 24, 2025 3:30 pm JST Earnings

9029 HIGASHI HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

HIGASHI TWENTY ONE CO.,LTD. <9029> [TSE Std] announced its financial results after the market closed on January 24th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 15.6% from the same period last year, reaching 2.06 billion yen. The progress rate toward the full-year plan of 2.6 billion yen was 79.3%, also surpassing the five-year average of 76.4%.

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 January to March period (4Q) is expected to grow 2.5% from the same period last year, reaching 0.53 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 54.7% from the same period last year, reaching 0.89 billion yen. The operating profit margin improved from 5.5% in the same period last year to 6.7%.

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
Apr - Dec, 2022	25,120	1,455	1,554	991	75.7	76.7	Jan 27, 2023	J-GAAP
Apr - Dec, 2023	29,537	1,685	1,785	1,127	85.7	77.3	Jan 26, 2024	J-GAAP
Apr - Dec, 2024	34,687	1,957	2,063	1,296	98.1	79.3	Jan 24, 2025	J-GAAP
YoY	+17.4%	+16.1%	+15.6%	+15.0%	+14.5%

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	21,105	1,059	1,103	764	58.1	36	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,524	1,346	1,433	951	73.0	38	Oct 25, 2024	J-GAAP
YoY	-2.8%	+27.1%	+29.9%	+24.5%	+25.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,807	1,908	2,026	1,268	96.8	30	May 12, 2023	J-GAAP
Mar, 2024	40,635	2,190	2,309	1,506	114.5	36	May 10, 2024	J-GAAP
Mar, 2025 Guidance	42,500	2,450	2,600	1,640	125.9	38	May 10, 2024	J-GAAP
YoY	+4.6%	+11.9%	+12.6%	+8.9%	+10.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	10,007	554	579	385	29.3	5.5	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	11,098	505	524	379	28.8	4.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	11,040	536	567	302	23.0	4.9	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	10,936	568	600	387	29.3	5.2	Oct 25, 2024	J-GAAP
Oct - Dec, 2024	12,711	853	896	607	46.0	6.7	Jan 24, 2025	J-GAAP
YoY	+27.0%	+54.0%	+54.7%	+57.7%	+57.0%