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HIRAGA, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 6%, Oct-Dec Ordinary Profit Decreases by 38%

Fri Feb 7, 2025 3:30 pm JST Earnings

7863 HIRAGA CO., LTD. 【J-GAAP】

Earnings Report

HIRAGA CO., LTD. <7863> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 5.6% from the same period last year to 435 million yen. However, the progress rate toward the full-year plan of 570 million yen was 76.3%, almost the same as the five-year average of 76.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to grow 29.8% from the same period last year, reaching 135 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit dropped to 155 million yen, a 38.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.2% in the same period last year to 4.8%.

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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 6,850 387 440 333 115.2 84.1 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 7,557 402 461 313 108.6 81.6 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 7,625 378 435 296 103.0 76.3 Feb 7, 2025 J-GAAP
YoY +0.9% -6.0% -5.6% -5.4% -5.1%

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 5,214 322 354 422 146.3 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,445 256 290 210 73.0 40 Nov 8, 2024 J-GAAP
YoY +4.4% -20.5% -18.1% -50.2% -50.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,010 458 523 395 136.7 30 May 12, 2023 J-GAAP
Mar, 2024 9,954 494 565 565 195.9 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 10,300 500 570 400 139.0 40 May 10, 2024 J-GAAP
YoY +3.5% +1.2% +0.9% -29.2% -29.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,817 230 250 170 59.0 8.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,397 92 104 252 87.4 3.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,421 137 157 107 37.3 5.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,434 107 123 83 29.0 4.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 2,770 134 155 106 36.9 4.8 Feb 7, 2025 J-GAAP
YoY -1.7% -41.7% -38.0% -37.6% -37.4%

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