HORAI, Oct-Dec (1Q) Ordinary Profit Decreases by 29%

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Thu Jan 30, 2025 4:00 pm JST Earnings

9679 HORAI Co.,Ltd. 【J-GAAP】

Earnings Report

HORAI Co.,Ltd. <9679> [TSE Std] announced its financial results after the market closed on January 30th (16:00). The ordinary profit (non-consolidated) for the first quarter of the fiscal year ending September 2025 (October to December) decreased 28.7% from the same period last year to 134 million yen. The progress rate toward the full-year plan of 650 million yen was 20.6%, also falling below the five-year average of 29.8%.

In the most recent three-month period, from October to December (1Q), the operating profit margin significantly dropped from 11.0% in the same period last year to 7.6%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Oct - Dec, 2022	1,287	158	210	167	40.0	67.1	Jan 30, 2023	J-GAAP
Oct - Dec, 2023	1,315	145	188	130	31.1	57.7	Jan 31, 2024	J-GAAP
Oct - Dec, 2024	1,386	105	134	64	15.4	ー	Jan 30, 2025	J-GAAP
YoY	+5.4%	-27.6%	-28.7%	-50.8%	-50.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	2,489	242	326	227	54.2	0	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Oct 31, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	5,185	527	744	513	122.5	20	Oct 31, 2023	J-GAAP
Sep, 2024	5,480	571	724	308	73.6	22	Oct 31, 2024	J-GAAP
Sep, 2025 Guidance	5,800	550	650	450	107.5	22	Oct 31, 2024	J-GAAP
YoY	+5.8%	-3.7%	-10.2%	+46.1%	+46.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,315	145	188	130	31.1	11.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	1,174	97	138	97	23.2	8.3	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	1,426	200	258	286	68.4	14.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	1,565	129	140	-205	-49.0	8.2	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	1,386	105	134	64	15.4	7.6	Jan 30, 2025	J-GAAP
YoY	+5.4%	-27.6%	-28.7%	-50.8%	-50.5%