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

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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%.

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	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	3,994	-1,007	-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%	+199.4%	－	－

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	17,766	8,396	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%	+18.2%	+90.6%	+90.5%

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	4,889	1,116	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%	－	－	－	－