HIRAKAWA HEWTECH, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 34%, Oct-Dec Ordinary Profit Increases by 66%

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Tue Feb 4, 2025 3:30 pm JST Earnings

5821 HIRAKAWA HEWTECH CORP. 【J-GAAP】

Earnings Report

HIRAKAWA HEWTECH CORP. <5821> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 2.17 billion yen, an increase 33.7% compared to the same period last year. The progress rate toward the full-year plan of 2.21 billion yen was 98.6%, also surpassing the five-year average of 77.6%.

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 93.1% from the same period last year to 0.03 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 66.4% from the same period last year, reaching 0.87 billion yen. However, the operating profit margin worsened from 6.9% in the same period last year to 5.1%.

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	24,694	2,381	2,645	2,201	156.7	75.5	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	22,347	1,327	1,630	830	59.1	78.3	Feb 2, 2024	J-GAAP
Apr - Dec, 2024	23,470	1,632	2,179	1,589	113.1	98.6	Feb 4, 2025	J-GAAP
YoY	+5.0%	+23.0%	+33.7%	+91.4%	+91.4%

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	15,066	895	975	767	54.6	18	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,280	689	903	635	45.2	23	Nov 1, 2024	J-GAAP
YoY	+1.4%	-23.0%	-7.4%	-17.2%	-17.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,224	3,103	3,501	2,955	210.4	36	May 10, 2023	J-GAAP
Mar, 2024	29,326	1,667	2,081	1,444	102.8	36	May 9, 2024	J-GAAP
Mar, 2025 Guidance	31,300	1,940	2,210	1,640	116.8	45	May 9, 2024	J-GAAP
YoY	+6.7%	+16.4%	+6.2%	+13.6%	+13.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,087	555	524	153	10.9	6.9	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	6,979	340	451	614	43.7	4.9	May 9, 2024	J-GAAP
Apr - Jun, 2024	8,128	629	972	721	51.3	7.7	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	7,892	622	335	284	20.2	7.9	Nov 1, 2024	J-GAAP
Oct - Dec, 2024	7,450	381	872	584	41.6	5.1	Feb 4, 2025	J-GAAP
YoY	-7.9%	-31.4%	+66.4%	+281.7%	+281.5%