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Hibiya Engineering, Oct-Dec (3Q) Ordinary Profit Decreases by 57%

Thu Feb 13, 2025 2:00 pm JST Earnings

1982 Hibiya Engineering,Ltd. 【J-GAAP】

Earnings Report

Hibiya Engineering,Ltd. <1982> [TSE Prime] 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) expanded 4.1 billion yen, an increase 55.1% compared to the same period last year. The progress rate toward the full-year plan of 6.6 billion yen was 62.1%, exceeding the five-year average of 48.4%.

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 drop 34.3% from the same period last year to 2.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.52 billion yen, a 56.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.8% in the same period last year to 1.5%.

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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 51,265 2,966 3,576 2,400 103.3 54.0 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 54,095 1,980 2,643 1,874 82.2 41.0 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 56,799 3,529 4,100 3,106 138.9 62.1 Feb 13, 2025 J-GAAP
YoY +5.0% +78.2% +55.1% +65.7% +69.0%

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 50,752 4,761 5,016 3,844 169.0 43 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 53,340 2,662 3,024 2,026 92.0 44 Nov 14, 2024 J-GAAP
YoY +5.1% -44.1% -39.7% -47.3% -45.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 83,978 5,953 6,617 4,644 200.5 85 May 11, 2023 J-GAAP
Mar, 2024 83,762 5,737 6,446 4,800 211.1 86 May 14, 2024 J-GAAP
Mar, 2025 Guidance 91,000 5,900 6,600 4,600 208.8 88 May 14, 2024 J-GAAP
YoY +8.6% +2.8% +2.4% -4.2% -1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 21,085 1,004 1,213 918 40.3 4.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 29,667 3,757 3,803 2,926 128.7 12.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 17,543 973 1,229 828 36.8 5.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 20,117 2,265 2,347 1,746 77.8 11.3 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 19,139 291 524 532 23.8 1.5 Feb 13, 2025 J-GAAP
YoY -9.2% -71.0% -56.8% -42.0% -40.9%

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