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HOKURIKU ELECTRICAL CONSTRUCTION, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 2.6 times, Oct-Dec Ordinary Profit Increases by 2.4 times

Wed Jan 29, 2025 3:00 pm JST Earnings

1930 HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD. <1930> [TSE Prime] announced its financial results in the afternoon session on January 29th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.6 times that of the same period last year, reaching 2.99 billion yen. The progress rate toward the full-year plan of 3.5 billion yen was 85.5%, also surpassing the five-year average of 47.4%.

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 significant drop 79.8% from the same period last year to 0.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 1.57 billion yen. The operating profit margin significantly improved from 4.8% in the same period last year to 8.9%.

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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
Apr - Dec, 2022 31,920 650 786 440 15.7 31.1 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 33,304 973 1,135 579 20.7 31.1 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 41,375 2,758 2,994 2,023 72.3 85.5 Jan 29, 2025 J-GAAP
YoY +24.2% +183.5% +163.8% +249.4% +249.3%

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 32,770 3,064 3,177 2,007 71.7 22 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,629 1,994 2,085 1,323 47.3 20 Oct 29, 2024 J-GAAP
YoY +2.6% -34.9% -34.4% -34.1% -34.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,846 2,356 2,531 1,628 58.2 36 Apr 27, 2023 J-GAAP
Mar, 2024 53,398 3,425 3,645 2,209 78.9 40 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 60,000 3,250 3,500 2,300 82.2 40 Apr 30, 2024 J-GAAP
YoY +12.4% -5.1% -4.0% +4.1% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 12,676 612 667 377 13.5 4.8 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 20,094 2,452 2,510 1,630 58.2 12.2 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 13,079 481 553 390 13.9 3.7 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 13,292 775 862 587 21.0 5.8 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 15,004 1,502 1,579 1,046 37.4 10.0 Jan 29, 2025 J-GAAP
YoY +18.4% +145.4% +136.7% +177.5% +177.3%

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