Hakuten, 4% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 1 yen

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Fri Feb 14, 2025 3:30 pm JST Earnings

2173 Hakuten Corporation 【J-GAAP】

Earnings Report

Hakuten Corporation <2173> [TSE Growth] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 1.38 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 4.3% to 1.44 billion yen, marking the third consecutive term of record-high profits.

At the same time, the company increased the annual dividend for the previous term from 17 yen to 19 yen (compared to 27 yen before the 2-for-1 forward stock split in the previous term), and has decided to increase the dividend this fiscal year to 20 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit dropped to 0.52 billion yen, a 45.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.9% in the same period last year to 8.8%.

Note: Due to a change in the fiscal year ending December 2023 (9-month fiscal year), comparisons with the same period in the previous year are not provided since there is no corresponding period.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,943	739	721	553	36.1	10	May 15, 2023	J-GAAP
Dec, 2023 Changed	13,136	1,027	1,035	678	44.2	13.50	Feb 14, 2024	J-GAAP
Dec, 2024	18,845	1,393	1,381	999	64.5	19	Feb 14, 2025	J-GAAP
YoY	－	－	－	－	－

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	17,000	1,200	1,190	820	52.8	17	Feb 14, 2024	J-GAAP
Dec, 2024 Results	18,845	1,393	1,381	999	64.5	19	Feb 14, 2025	J-GAAP
Revision Rate	+10.9%	+16.1%	+16.1%	+21.8%	+22.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	10,069	1,008	1,000	680	44.0	8	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	10	Feb 14, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023 Changed	13,136	1,027	1,035	678	44.2	13.50	Feb 14, 2024	J-GAAP
Dec, 2024	18,845	1,393	1,381	999	64.5	19	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	20,900	1,450	1,440	1,010	64.7	20	Feb 14, 2025	J-GAAP
YoY	+10.9%	+4.1%	+4.3%	+1.1%	+0.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	6,844	948	951	665	43.4	13.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,462	286	283	192	12.5	6.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,607	722	717	488	31.6	12.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,778	-142	-141	-105	-6.8	-5.1	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	5,998	527	522	424	27.4	8.8	Feb 14, 2025	J-GAAP
YoY	-12.4%	-44.4%	-45.1%	-36.2%	-36.8%