HIKARI BUSINESS FORM, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 32% Decrease

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri May 9, 2025 6:00 pm JST Earnings

3948 HIKARI BUSINESS FORM CO., LTD. 【J-GAAP】

Earnings Report

HIKARI BUSINESS FORM CO., LTD. <3948> [TSE Std] announced its financial results after the market closed on May 9th (18:00). The ordinary profit (non-consolidated) for the first quarter of the fiscal year ending December 2025 (January to March) significantly dropped 93.9% from the same period last year to 5 million yen.

In addition, the full-year ordinary profit has decreased 70.0%, from the previous forecast of 500 million yen to 150 million yen (compared to 221 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 32.1% decrease in profit.

At the same time, the January to June period (1H) ordinary profit has decreased 75.0%, from the previous forecast of 400 million yen to 100 million yen (compared to 73 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 5.5 times to 37.0%.

In the most recent three-month period, from January to March (1Q), the operating profit/loss margin drastically worsened from 3.6% in the same period last year to -3.0%.

Kabutan News

Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Mar, 2023	2,797	604	621	277	48.5	57.7	May 11, 2023	J-GAAP
Jan - Mar, 2024	1,982	71	82	55	9.9	112.3	May 10, 2024	J-GAAP
Jan - Mar, 2025	1,701	-51	5	-3	-0.7	5.0	May 9, 2025	J-GAAP
YoY	-14.2%	－	-93.9%	－	－

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2025 Prev	4,700	400	400	300	54.2	20	Feb 13, 2025	J-GAAP
Jan - Jun, 2025 New	3,700	50	100	60	10.8	20	May 9, 2025	J-GAAP
Revision Rate	-21.3%	-87.5%	-75.0%	-80.0%	-80.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2025 Prev	8,400	500	500	350	63.2	40	Feb 13, 2025	J-GAAP
Dec, 2025 New	8,000	100	150	90	16.3	40	May 9, 2025	J-GAAP
Revision Rate	-4.8%	-80.0%	-70.0%	-74.3%	-74.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	3,802	53	73	45	8.2	18	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	3,700	50	100	60	10.8	20	May 9, 2025	J-GAAP
YoY	-2.7%	-5.7%	+37.0%	+33.3%	+32.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	9,876	1,270	1,308	748	132.7	35	Feb 13, 2024	J-GAAP
Dec, 2024	7,915	178	221	161	28.9	38	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	8,000	100	150	90	16.3	40	May 9, 2025	J-GAAP
YoY	+1.1%	-43.8%	-32.1%	-44.1%	-43.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2024	1,982	71	82	55	9.9	3.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,820	-18	-9	-10	-1.8	-1.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,060	6	15	6	1.1	0.3	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	2,053	119	133	110	19.7	5.8	Feb 13, 2025	J-GAAP
Jan - Mar, 2025	1,701	-51	5	-3	-0.7	-3.0	May 9, 2025	J-GAAP
YoY	-14.2%	－	-93.9%	－	－