Heiwa, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 13% Decrease

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Feb 7, 2025 3:30 pm JST Earnings

6412 Heiwa Corporation 【J-GAAP】

Earnings Report

Heiwa Corporation <6412> [TSE Prime] 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) expanded 28.4 billion yen, an increase 53.7% compared to the same period last year.

However, the full-year consolidated ordinary profit has decreased 31.8%, from the previous forecast of 29.2 billion yen to 19.9 billion yen (compared to 22.7 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 12.5% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 66.9%, from the previous forecast of 13.9 billion yen to 4.6 billion yen (compared to 11.2 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 59.2% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 86.0% from the same period last year, reaching 13.2 billion yen. The operating profit margin jumped from 19.8% in the same period last year to 28.4%.

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	116,253	28,161	27,793	20,506	207.9	104.4	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	102,804	19,314	18,546	11,609	117.7	81.5	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	118,782	28,768	28,496	20,583	208.7	143.2	Feb 7, 2025	J-GAAP
YoY	+15.5%	+48.9%	+53.7%	+77.3%	+77.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	86,410	14,596	13,908	9,585	97.2	40	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	73,610	11,296	4,608	1,685	17.1	40	Feb 7, 2025	J-GAAP
Revision Rate	-14.8%	-22.6%	-66.9%	-82.4%	-82.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	158,200	30,000	29,200	20,000	202.8	80	May 10, 2024	J-GAAP
Mar, 2025 New	145,400	26,700	19,900	12,100	122.7	80	Feb 7, 2025	J-GAAP
Revision Rate	-8.1%	-11.0%	-31.8%	-39.5%	-39.5%

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	69,666	11,259	11,299	9,175	93.0	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	73,610	11,296	4,608	1,685	17.1	40	Feb 7, 2025	J-GAAP
YoY	+5.7%	+0.3%	-59.2%	-81.6%	-81.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	142,290	26,905	26,631	20,685	209.7	80	May 12, 2023	J-GAAP
Mar, 2024	136,381	23,430	22,746	16,611	168.4	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	145,400	26,700	19,900	12,100	122.7	80	Feb 7, 2025	J-GAAP
YoY	+6.6%	+14.0%	-12.5%	-27.2%	-27.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	36,089	7,143	7,099	4,173	42.3	19.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	33,577	4,116	4,200	5,002	50.7	12.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	35,586	8,654	8,725	5,628	57.1	24.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	36,204	6,750	6,567	4,787	48.5	18.6	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	46,992	13,364	13,204	10,168	103.1	28.4	Feb 7, 2025	J-GAAP
YoY	+30.2%	+87.1%	+86.0%	+143.7%	+143.7%