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

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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%.

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	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%