HAPPINET, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 27% Increase, Raises Record High Profit, Dividend Revised Upward by 80 yen

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Wed Feb 12, 2025 3:30 pm JST Earnings

7552 HAPPINET CORPORATION 【J-GAAP】

Earnings Report

HAPPINET CORPORATION <7552> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 26.6% from the same period last year, reaching 10 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 42.5%, from the previous forecast of 8 billion yen to 11.4 billion yen (compared to 8.97 billion yen in the previous period), record profits reach four consecutive terms, turning to a 27.0% increase in the consolidated ordinary profit outlook.

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 3.5 times, from the previous forecast of 1.34 billion yen to 4.74 billion yen (compared to 4.07 billion yen in the same period of the previous year), turning to a 16.4% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 130 yen (compared to 125 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.7% from the same period last year, reaching 3.41 billion yen. The operating profit margin remained almost flat, changing from 2.7% in the same period last year to 2.8%.

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	242,384	5,973	6,215	3,687	166.6	100.3	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	272,392	7,714	7,957	5,939	266.7	88.7	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	283,180	9,777	10,074	5,514	249.7	88.4	Feb 12, 2025	J-GAAP
YoY	+4.0%	+26.7%	+26.6%	-7.2%	-6.4%

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	161,453	1,277	1,340	614	28.0	25	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	191,453	4,577	4,740	2,214	100.9	105	Feb 12, 2025	J-GAAP
Revision Rate	+18.6%	+258.4%	+253.7%	+260.6%	+260.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	330,000	7,800	8,000	5,000	227.8	50	May 13, 2024	J-GAAP
Mar, 2025 New	360,000	11,100	11,400	6,600	300.7	130	Feb 12, 2025	J-GAAP
Revision Rate	+9.1%	+42.3%	+42.5%	+32.0%	+32.0%

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	189,504	3,951	4,073	2,452	110.1	100	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	191,453	4,577	4,740	2,214	100.9	105	Feb 12, 2025	J-GAAP
YoY	+1.0%	+15.8%	+16.4%	-9.7%	-8.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	307,253	5,842	6,194	3,561	160.8	65	May 12, 2023	J-GAAP
Mar, 2024	350,461	8,679	8,974	6,581	295.5	125	May 13, 2024	J-GAAP
Mar, 2025 Guidance	360,000	11,100	11,400	6,600	300.7	130	Feb 12, 2025	J-GAAP
YoY	+2.7%	+27.9%	+27.0%	+0.3%	+1.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	111,435	2,986	3,056	1,810	81.3	2.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	78,069	965	1,017	642	28.8	1.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	82,358	3,278	3,474	2,388	107.2	4.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	86,189	3,245	3,186	1,998	90.2	3.8	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	114,633	3,254	3,414	1,128	51.1	2.8	Feb 12, 2025	J-GAAP
YoY	+2.9%	+9.0%	+11.7%	-37.7%	-37.2%