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Hibino, The Current Fiscal Year Ordinary Profit Revised Upward by 4%

Mon Feb 10, 2025 3:30 pm JST Earnings

2469 Hibino Corporation 【J-GAAP】

Earnings Report

Hibino Corporation <2469> [TSE Std] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 2.59 billion yen, an increase 36.9% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 4.0%, from the previous forecast of 3.75 billion yen to 3.9 billion yen (compared to 2.95 billion yen in the previous period), increasing the growth rate from 27.1% to 32.2%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 6.3%, from the previous forecast of 2.39 billion yen to 2.54 billion yen (compared to 2.14 billion yen in the same period of the previous year), increasing the growth rate from 11.2% to 18.2%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 12.8% from the same period last year, reaching 1.23 billion yen. However, the operating profit margin worsened from 8.9% in the same period last year to 8.4%.

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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 27,949 -137 190 -55 -5.6 13.6 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 34,149 1,784 1,894 967 97.5 64.2 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 41,435 2,681 2,592 1,411 142.1 66.5 Feb 10, 2025 J-GAAP
YoY +21.3% +50.3% +36.9% +45.9% +45.8%

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 32,103 2,436 2,390 1,320 132.9 30 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 32,603 2,586 2,540 1,370 137.9 30 Feb 10, 2025 J-GAAP
Revision Rate +1.6% +6.2% +6.3% +3.8% +3.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 59,000 3,900 3,750 2,100 211.4 70 Nov 8, 2024 J-GAAP
Mar, 2025 New 59,500 4,050 3,900 2,150 216.4 70 Feb 10, 2025 J-GAAP
Revision Rate +0.8% +3.8% +4.0% +2.4% +2.4%

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 29,401 2,196 2,149 1,299 130.9 30 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,603 2,586 2,540 1,370 137.9 30 Feb 10, 2025 J-GAAP
YoY +10.9% +17.8% +18.2% +5.5% +5.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,922 1,229 1,400 607 61.4 30 May 12, 2023 J-GAAP
Mar, 2024 50,491 2,814 2,951 1,627 164.0 45 May 13, 2024 J-GAAP
Mar, 2025 Guidance 59,500 4,050 3,900 2,150 216.4 70 Feb 10, 2025 J-GAAP
YoY +17.8% +43.9% +32.2% +32.1% +32.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 13,059 1,166 1,092 639 64.4 8.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 16,342 1,030 1,057 660 66.5 6.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,662 220 300 172 17.4 1.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 15,235 1,244 1,060 608 61.3 8.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 14,538 1,217 1,232 631 63.6 8.4 Feb 10, 2025 J-GAAP
YoY +11.3% +4.4% +12.8% -1.3% -1.3%

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