HIRATA, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 1% Decrease

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Fri Feb 14, 2025 3:30 pm JST Earnings

6258 HIRATA Corporation 【J-GAAP】

Earnings Report

HIRATA Corporation <6258> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 26.2% from the same period last year to 4.5 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 15.1%, from the previous forecast of 7.3 billion yen to 6.2 billion yen (compared to 6.25 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 0.9% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 24.0%, from the previous forecast of 4.59 billion yen to 3.49 billion yen (compared to 2.97 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 54.2% to 17.3%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.79 billion yen, a 36.4% decrease compared to the same period last year. The operating profit margin decreased from 11.8% in the same period last year to 8.8%.

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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	55,183	4,473	4,447	3,223	103.5	76.6	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	61,008	5,903	6,103	4,647	149.2	97.5	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	62,323	4,693	4,502	2,939	94.6	72.6	Feb 14, 2025	J-GAAP
YoY	+2.2%	-20.5%	-26.2%	-36.8%	-36.6%

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	59,635	4,735	4,592	2,897	94.7	40	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	48,635	3,635	3,492	2,397	78.4	40	Feb 14, 2025	J-GAAP
Revision Rate	-18.4%	-23.2%	-24.0%	-17.3%	-17.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	100,000	7,500	7,300	4,700	153.6	40	May 10, 2024	J-GAAP
Mar, 2025 New	89,000	6,400	6,200	4,200	137.3	40	Feb 14, 2025	J-GAAP
Revision Rate	-11.0%	-14.7%	-15.1%	-10.6%	-10.6%

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	45,445	2,936	2,978	2,041	65.5	33.33	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	48,635	3,635	3,492	2,397	78.4	40	Feb 14, 2025	J-GAAP
YoY	+7.0%	+23.8%	+17.3%	+17.4%	+19.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	78,443	5,920	5,802	4,269	137.1	30	May 12, 2023	J-GAAP
Mar, 2024	82,839	6,047	6,259	4,344	139.4	33.33	May 10, 2024	J-GAAP
Mar, 2025 Guidance	89,000	6,400	6,200	4,200	137.3	40	Feb 14, 2025	J-GAAP
YoY	+7.4%	+5.8%	-0.9%	-3.3%	-1.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	23,614	2,792	2,822	2,344	75.2	11.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	21,831	144	156	-303	-9.7	0.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	20,368	1,214	1,279	722	23.2	6.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	19,997	1,551	1,429	1,081	34.7	7.8	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	21,958	1,928	1,794	1,136	36.6	8.8	Feb 14, 2025	J-GAAP
YoY	-7.0%	-30.9%	-36.4%	-51.5%	-51.4%