HEIAN CEREMONY SERVICE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 3%, Oct-Dec Ordinary Profit Decreases by 8%

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Fri Feb 7, 2025 3:30 pm JST Earnings

2344 HEIAN CEREMONY SERVICE CO.,LTD. 【J-GAAP】

Earnings Report

HEIAN CEREMONY SERVICE CO.,LTD. <2344> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 3.3% from the same period last year to 1.15 billion yen. The progress rate toward the full-year plan of 1.91 billion yen was 60.4%, also falling below the five-year average of 68.5%.

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 expand 34.4% from the same period last year, reaching 0.75 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.48 billion yen, a 7.6% decrease compared to the same period last year. The operating profit margin decreased from 18.7% in the same period last year to 16.7%.

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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	6,984	947	1,053	684	56.0	64.7	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	7,324	1,100	1,198	638	52.5	68.0	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	7,639	1,056	1,158	807	67.4	60.4	Feb 7, 2025	J-GAAP
YoY	+4.3%	-4.0%	-3.3%	+26.5%	+28.4%

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	5,428	1,031	1,092	608	50.2	16	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,452	1,155	1,246	774	64.6	17	Nov 7, 2024	J-GAAP
YoY	+0.4%	+12.0%	+14.1%	+27.3%	+28.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,669	1,492	1,627	1,053	86.3	28	May 8, 2023	J-GAAP
Mar, 2024	10,081	1,631	1,762	888	73.3	30	May 7, 2024	J-GAAP
Mar, 2025 Guidance	10,389	1,759	1,916	1,253	104.6	33	May 7, 2024	J-GAAP
YoY	+3.1%	+7.8%	+8.7%	+41.1%	+42.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,671	500	528	358	29.4	18.7	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	2,757	531	564	250	20.6	19.3	May 7, 2024	J-GAAP
Apr - Jun, 2024	2,464	318	352	236	19.7	12.9	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	2,473	286	318	243	20.3	11.6	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	2,702	452	488	328	27.4	16.7	Feb 7, 2025	J-GAAP
YoY	+1.2%	-9.6%	-7.6%	-8.4%	-7.0%