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Harima-Kyowa, Last Fiscal Year's Ordinary Profit Unexpectedly Declines, 8% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 5 yen
7444 Harima-Kyowa Co.,LTD. 【J-GAAP】
Earnings ReportHarima-Kyowa Co.,LTD. <7444> [TSE Std] announced its financial results after the market closed on May 14th (16:00). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 5.9% from the previous period to 1.92 billion yen, falling below the forecast of 2.1 billion yen, a complete reversal from the forecasted increase in profit. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 8.2% from the previous period to 1.77 billion yen.
At the same time, the company has decided to increase the dividend this fiscal year to 55 yen, an increase of 5 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit significantly dropped to 0.25 billion yen, a 50.2% decrease compared to the same period last year. The operating profit margin worsened from 3.1% in the same period last year to 2.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2023 | 60,156 | 1,777 | 2,013 | 1,391 | 258.9 | 41 | May 12, 2023 | J-GAAP |
| Mar, 2024 | 61,583 | 1,823 | 2,051 | 1,406 | 261.7 | 45 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 61,824 | 1,911 | 1,929 | 1,289 | 239.6 | 50 | May 14, 2025 | J-GAAP |
| YoY | +0.4% | +4.8% | -5.9% | -8.3% | -8.5% |
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 | 62,500 | 1,880 | 2,100 | 1,450 | 269.3 | 50 | May 14, 2024 | J-GAAP |
| Mar, 2025 Results | 61,824 | 1,911 | 1,929 | 1,289 | 239.6 | 50 | May 14, 2025 | J-GAAP |
| Revision Rate | -1.1% | +1.6% | -8.1% | -11.1% | -11.0% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 | 33,388 | 1,100 | 1,159 | 767 | 142.7 | 0 | Nov 11, 2024 | J-GAAP |
| Apr - Sep, 2025 Guidance | 30,000 | 860 | 1,160 | 805 | 149.5 | 0 | May 14, 2025 | J-GAAP |
| YoY | -10.1% | -21.8% | +0.1% | +5.0% | +4.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 61,583 | 1,823 | 2,051 | 1,406 | 261.7 | 45 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 61,824 | 1,911 | 1,929 | 1,289 | 239.6 | 50 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 59,000 | 1,400 | 1,770 | 1,230 | 228.5 | 55 | May 14, 2025 | J-GAAP |
| YoY | -4.6% | -26.7% | -8.2% | -4.6% | -4.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2024 | 14,814 | 464 | 508 | 373 | 69.4 | 3.1 | May 14, 2024 | J-GAAP |
| Apr - Jun, 2024 | 17,087 | 569 | 629 | 404 | 75.3 | 3.3 | Aug 9, 2024 | J-GAAP |
| Jul - Sep, 2024 | 16,301 | 531 | 530 | 363 | 67.5 | 3.3 | Nov 11, 2024 | J-GAAP |
| Oct - Dec, 2024 | 15,364 | 546 | 517 | 348 | 64.7 | 3.6 | Mar 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 13,072 | 265 | 253 | 174 | 32.3 | 2.0 | May 14, 2025 | J-GAAP |
| YoY | -11.8% | -42.9% | -50.2% | -53.4% | -53.4% |
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