HIKARI TSUSHIN, The Current Fiscal Year Net Income Revised Upward by 28%, Dividend Revised Upward by 12 yen

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Wed Feb 12, 2025 3:00 pm JST Earnings

9435 HIKARI TSUSHIN,INC. 【IFRS】

Earnings Report

HIKARI TSUSHIN,INC. <9435> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 12th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 102 billion yen, an increase 39.2% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward 27.8%, from the previous forecast of 90 billion yen to 115 billion yen (compared to 122 billion yen in the previous period), and the declining rate is expected to decrease from 26.4% to 5.9%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 59.8%, from the previous forecast of 41.7 billion yen to 66.7 billion yen (compared to 60.4 billion yen in the same period of the previous year), turning to a 10.5% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 639 yen to 651 yen (compared to 638 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 4.5 times that of the same period last year, reaching 54.5 billion yen. However, the operating profit margin decreased from 17.3% in the same period last year to 16.9%.

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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	470,514	66,237	94,430	66,554	1,484.4	79.7	Feb 14, 2023	IFRS
Apr - Dec, 2023	446,688	74,506	107,940	73,838	1,660.6	64.3	Feb 13, 2024	IFRS
Apr - Dec, 2024	498,814	86,581	144,084	102,784	2,333.9	ー	Feb 12, 2025	IFRS
YoY	+11.7%	+16.2%	+33.5%	+39.2%	+40.5%

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	294,217	42,579	ー	41,797	953.0	322	Nov 12, 2024	IFRS
Oct - Mar, 2024 New	344,217	47,579	ー	66,797	1,523.1	334	Feb 12, 2025	IFRS
Revision Rate	+17.0%	+11.7%	－	+59.8%	+59.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	620,000	100,000	ー	90,000	2,052.1	639	Nov 12, 2024	IFRS
Mar, 2025 New	670,000	105,000	ー	115,000	2,622.1	651	Feb 12, 2025	IFRS
Revision Rate	+8.1%	+5.0%	－	+27.8%	+27.8%

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	305,469	46,055	80,781	60,464	1,362.2	350	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	344,217	47,579	ー	66,797	1,523.1	334	Feb 12, 2025	IFRS
YoY	+12.7%	+3.3%	－	+10.5%	+11.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	643,984	86,615	118,479	91,345	2,037.7	545	May 16, 2023	IFRS
Mar, 2024	601,948	94,546	168,000	122,225	2,753.5	638	May 15, 2024	IFRS
Mar, 2025 Guidance	670,000	105,000	ー	115,000	2,622.1	651	Feb 12, 2025	IFRS
YoY	+11.3%	+11.1%	－	-5.9%	-4.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	150,209	26,015	20,721	12,077	271.6	17.3	Feb 13, 2024	IFRS
Jan - Mar, 2024	155,260	20,040	60,060	48,387	1,090.1	12.9	May 15, 2024	IFRS
Apr - Jun, 2024	146,154	27,216	65,768	45,899	1,039.7	18.6	Aug 13, 2024	IFRS
Jul - Sep, 2024	179,629	30,205	3,371	2,304	52.2	16.8	Nov 12, 2024	IFRS
Oct - Dec, 2024	173,031	29,160	74,945	54,581	1,239.3	16.9	Feb 12, 2025	IFRS
YoY	+15.2%	+12.1%	+261.7%	+351.9%	+356.3%