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HIGASHIMARU, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 2.8 times, Exceeds Full-Year Plan

Thu Feb 13, 2025 2:00 pm JST Earnings

2058 HIGASHIMARU CO.,LTD. 【J-GAAP】

Earnings Report

HIGASHIMARU CO.,LTD. <2058> [FSE] announced its financial results in the afternoon session on February 13th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.8 times that of the same period last year, reaching 498 million yen. The progress rate toward the full-year plan of 259 million yen is 192.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 239 million yen (compared to a loss of 124 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 285 million yen. The operating profit margin improved from 4.0% in the same period last year to 5.9%.

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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 9,245 47 171 95 24.4 174.5 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 10,183 145 179 41 10.5 325.5 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 11,444 413 498 328 83.1 192.3 Feb 13, 2025 J-GAAP
YoY +12.4% +184.8% +178.2% +700.0% +693.2%

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 6,664 -3 13 -79 -20.1 9 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,134 60 46 -44 -11.1 9 Nov 13, 2024 J-GAAP
YoY -8.0% +253.8% +44.3% +44.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,724 -33 98 -75 -19.2 9 May 15, 2023 J-GAAP
Mar, 2024 13,010 -11 55 -104 -26.5 9 May 13, 2024 J-GAAP
Mar, 2025 Guidance 13,469 229 259 113 28.6 9 May 13, 2024 J-GAAP
YoY +3.5% +370.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,837 153 137 66 16.9 4.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,827 -156 -124 -145 -36.9 -5.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,455 16 54 101 25.7 0.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,880 153 159 56 14.3 3.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 4,109 244 285 171 43.3 5.9 Feb 13, 2025 J-GAAP
YoY +7.1% +59.5% +108.0% +159.1% +157.0%

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