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HOKURIKU ELECTRIC INDUSTRY, Oct-Dec (3Q) Ordinary Profit Increases by 2.9 times

Mon Feb 10, 2025 2:00 pm JST Earnings

6989 HOKURIKU ELECTRIC INDUSTRY CO., LTD. 【J-GAAP】

Earnings Report

HOKURIKU ELECTRIC INDUSTRY CO., LTD. <6989> [TSE Std] announced its financial results in the afternoon session on February 10th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 2.33 billion yen, a 0.2% decrease compared to the same period last year. The progress rate toward the full-year plan of 2.5 billion yen was 93.4%, also surpassing the five-year average of 77.5%.

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 significant drop 78.4% from the same period last year to 0.16 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.9 times that of the same period last year, reaching 1.39 billion yen. However, the operating profit margin worsened from 7.0% in the same period last year to 6.5%.

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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 34,368 2,402 3,036 2,316 276.8 84.8 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 31,313 1,835 2,338 2,154 259.8 75.2 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 32,273 1,948 2,334 1,801 221.1 93.4 Feb 10, 2025 J-GAAP
YoY +3.1% +6.2% -0.2% -16.4% -14.9%

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 19,948 1,170 1,242 1,027 124.4 60 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,579 1,453 1,559 1,020 128.3 80 Nov 8, 2024 J-GAAP
YoY +8.2% +24.2% +25.5% -0.7% +3.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,459 2,941 3,581 647 77.4 55 May 10, 2023 J-GAAP
Mar, 2024 40,811 2,271 3,107 2,538 307.3 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 43,000 2,700 2,500 1,800 226.4 80 Nov 8, 2024 J-GAAP
YoY +5.4% +18.9% -19.5% -29.1% -26.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,450 734 473 643 77.6 7.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,498 436 769 384 46.5 4.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 10,521 641 928 752 92.2 6.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,900 606 13 28 3.4 5.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 10,852 701 1,393 1,021 125.3 6.5 Feb 10, 2025 J-GAAP
YoY +3.8% -4.5% +194.5% +58.8% +61.6%

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