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Hakudo, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 20% Decrease, Dividend Revised down by 14 Yen

Fri Aug 8, 2025 3:00 pm JST Earnings

7637 Hakudo Co.,Ltd. 【J-GAAP】

Earnings Report

Hakudo Co.,Ltd. <7637> [TSE Prime] announced its financial results in the afternoon session on August 8th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending March 2026 (April to June) significantly dropped 52.3% from the same period last year to 0.47 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 26.3%, from the previous forecast of 3.50 billion yen to 2.58 billion yen (compared to 3.21 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 19.7% decrease in profit.

At the same time, the April to September period (first half) consolidated ordinary profit has decreased 42.1%, from the previous forecast of 1.78 billion yen to 1.03 billion yen (compared to 1.77 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 42.0% decrease in profit.

Due to a decline in performance, the dividend for the first half of this fiscal year has been significantly reduced from the original plan of 48 yen to 27 yen, and the dividend for the second half has been revised upwards from the original plan of 46 yen to 53 yen. The annual dividend will be 80 yen (compared to 89 yen in the previous period).

In the most recent three-month period, from April to June (1Q), the operating profit margin drastically worsened from 5.5% in the same period last year to 2.3%.

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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
Apr - Jun, 2023 14,717 551 687 473 41.8 48.4 Aug 9, 2023 J-GAAP
Apr - Jun, 2024 15,745 868 996 688 60.7 56.0 Aug 9, 2024 J-GAAP
Apr - Jun, 2025 17,059 385 475 290 25.6 46.1 Aug 8, 2025 J-GAAP
YoY +8.3% -55.6% -52.3% -57.8% -57.8%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 36,500 1,580 1,780 1,200 105.8 48 May 14, 2025 J-GAAP
Apr - Sep, 2025 New 32,300 930 1,030 660 58.2 27 Aug 8, 2025 J-GAAP
Revision Rate -11.5% -41.1% -42.1% -45.0% -45.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 75,800 3,230 3,500 2,350 207.2 94 May 14, 2025 J-GAAP
Mar, 2026 New 67,200 2,450 2,580 1,690 149.0 80 Aug 8, 2025 J-GAAP
Revision Rate -11.3% -24.1% -26.3% -28.1% -28.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 32,488 1,570 1,777 1,223 107.9 49 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 32,300 930 1,030 660 58.2 27 Aug 8, 2025 J-GAAP
YoY -0.6% -40.8% -42.0% -46.0% -46.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 57,253 2,523 2,847 1,916 169.0 80 May 10, 2024 J-GAAP
Mar, 2025 66,410 2,983 3,214 2,236 197.2 89 May 14, 2025 J-GAAP
Mar, 2026 Guidance 67,200 2,450 2,580 1,690 149.0 80 Aug 8, 2025 J-GAAP
YoY +1.2% -17.9% -19.7% -24.4% -24.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 15,745 868 996 688 60.7 5.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 16,743 702 781 535 47.2 4.2 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 17,665 639 558 333 29.4 3.6 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 16,257 774 879 680 60.0 4.8 May 14, 2025 J-GAAP
Apr - Jun, 2025 17,059 385 475 290 25.6 2.3 Aug 8, 2025 J-GAAP
YoY +8.3% -55.6% -52.3% -57.8% -57.8%

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