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Hokuetsu, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 12%, Oct-Dec Ordinary Profit Turns to Profit

Fri Feb 14, 2025 3:00 pm JST Earnings

3865 Hokuetsu Corporation 【J-GAAP】

Earnings Report

Hokuetsu Corporation <3865> [TSE Prime] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 11.7% from the same period last year, reaching 14.3 billion yen. The progress rate toward the full-year plan of 21 billion yen was 68.5%, exceeding the five-year average of 62.4%.

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 expand 35.2% from the same period last year, reaching 6.61 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 5.34 billion yen (compared to a loss of 0.89 billion yen in the same period last year). The operating profit/loss margin drastically improved from -1.6% in the same period last year to 7.6%.

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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 215,702 9,604 7,059 3,923 23.4 61.5 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 225,324 10,888 12,877 7,280 43.3 72.5 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 229,513 15,080 14,389 11,480 68.3 68.5 Feb 14, 2025 J-GAAP
YoY +1.9% +38.5% +11.7% +57.7% +57.6%

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 146,882 3,173 3,985 -1,016 -6.0 9 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 160,642 10,996 11,960 9,719 57.8 11 Nov 14, 2024 J-GAAP
YoY +9.4% +246.5% +200.1% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 301,204 17,288 11,471 8,325 49.5 18 May 12, 2023 J-GAAP
Mar, 2024 297,056 15,267 17,757 8,387 49.9 18 May 15, 2024 J-GAAP
Mar, 2025 Guidance 310,000 20,000 21,000 16,000 95.1 22 Nov 14, 2024 J-GAAP
YoY +4.4% +31.0% +18.3% +90.8% +90.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 75,150 -1,206 -895 -2,123 -12.6 -1.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 71,732 4,379 4,880 1,107 6.6 6.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 74,242 3,055 3,939 2,363 14.1 4.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 75,116 5,949 5,101 3,918 23.3 7.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 80,155 6,076 5,349 5,199 30.9 7.6 Feb 14, 2025 J-GAAP
YoY +6.7% － － － －

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