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HARD OFF, 8% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 2 yen, Plan to Continue the 78 yen Policy This Fiscal Year as Well

Mon May 12, 2025 2:00 pm JST Earnings

2674 HARD OFF CORPORATION Co.,Ltd. 【J-GAAP】

Earnings Report

HARD OFF CORPORATION Co.,Ltd. <2674> [TSE Prime] announced its financial results in the afternoon session on May 12th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 increased 13.8% from the previous period to 3.4 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 7.6% to 3.66 billion yen, marking the fourth consecutive term of record-high profits. This will be the 30th consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 76 yen to 78 yen (compared to 76 yen in the prior term), and has decided to continue with a dividend of 78 yen for the current term as well.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 0.7 billion yen, an 11.5% decrease compared to the same period last year. The operating profit margin worsened from 9.6% in the same period last year to 7.8%.

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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 27,040 2,312 2,510 1,653 119.1 60 May 11, 2023 J-GAAP
Mar, 2024 30,105 2,803 2,990 2,093 150.6 76 May 9, 2024 J-GAAP
Mar, 2025 33,531 3,218 3,403 2,314 166.5 78 May 12, 2025 J-GAAP
YoY +11.4% +14.8% +13.8% +10.6% +10.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 33,330 3,270 3,450 2,210 159.0 76 Feb 6, 2025 J-GAAP
Mar, 2025 Results 33,531 3,218 3,403 2,314 166.5 78 May 12, 2025 J-GAAP
Revision Rate +0.6% -1.6% -1.4% +4.7% +4.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 16,165 1,532 1,639 1,021 73.5 0 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 Guidance 17,250 1,540 1,628 1,040 74.8 0 May 12, 2025 J-GAAP
YoY +6.7% +0.5% -0.7% +1.9% +1.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 30,105 2,803 2,990 2,093 150.6 76 May 9, 2024 J-GAAP
Mar, 2025 33,531 3,218 3,403 2,314 166.5 78 May 12, 2025 J-GAAP
Mar, 2026 Guidance 36,000 3,550 3,660 2,450 176.1 78 May 12, 2025 J-GAAP
YoY +7.4% +10.3% +7.6% +5.9% +5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 8,053 774 799 740 53.3 9.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 8,282 967 1,019 667 48.0 11.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 7,883 565 620 354 25.5 7.2 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 8,638 1,003 1,057 713 51.3 11.6 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 8,728 683 707 580 41.7 7.8 May 12, 2025 J-GAAP
YoY +8.4% -11.8% -11.5% -21.6% -21.6%

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