HIKARI HEIGHTS-VARUS, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Fri Feb 14, 2025 3:00 pm JST Earnings

2137 HIKARI HEIGHTS-VARUS CO.,LTD. 【J-GAAP】

Earnings Report

HIKARI HEIGHTS-VARUS CO.,LTD. <2137> [SSE Ambs] announced its financial results in the afternoon session on February 14th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 192 million yen (compared to a profit of 64 million yen in the same period last year).

In addition, the full-year ordinary profit/loss has been revised downward from an expected profit of 100 million yen to a loss of 270 million yen (compared to a profit of 57 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 225 million yen to a loss of 145 million yen (compared to a profit of 9 million yen in the same period of the previous year), turning to a loss outlook.

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from October to December (3Q), the ordinary profit/loss turned to a loss of 67 million yen (compared to a profit of 16 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.3% in the same period last year to -10.0%.

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	2,303	31	54	42	20.4	101.9	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	2,285	19	64	47	22.8	112.3	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	2,282	-226	-192	-230	-110.1	ー	Feb 14, 2025	J-GAAP
YoY	-0.1%	－	－	－	－

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	1,989	199	225	219	104.8	－	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	1,549	-151	-145	-151	-72.3	－	Feb 14, 2025	J-GAAP
Revision Rate	-22.1%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	3,500	50	100	60	28.7	－	May 15, 2024	J-GAAP
Mar, 2025 New	3,060	-300	-270	-310	-148.4	－	Feb 14, 2025	J-GAAP
Revision Rate	-12.6%	－	－	－	－

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	1,510	-20	9	8	3.9	12	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,549	-151	-145	-151	-72.3	－	Feb 14, 2025	J-GAAP
YoY	+2.6%	-655.0%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,053	10	53	45	21.6	12	May 15, 2023	J-GAAP
Mar, 2024	3,025	-11	57	42	20.2	12	May 15, 2024	J-GAAP
Mar, 2025 Guidance	3,060	-300	-270	-310	-148.4	－	Feb 14, 2025	J-GAAP
YoY	+1.2%	-2,627.3%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	770	10	16	13	6.3	1.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	740	-30	-7	-5	-2.4	-4.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	742	-104	-95	-68	-32.9	-14.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	769	-45	-30	-91	-43.6	-5.9	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	771	-77	-67	-71	-34.0	-10.0	Feb 14, 2025	J-GAAP
YoY	+0.1%	－	－	－	－