Headwaters, First Half Ordinary Profit Turns to Loss, Apr-Jun Ordinary Profit Turns to Loss
4011 Headwaters Co.,Ltd 【J-GAAP】
Earnings ReportHeadwaters Co.,Ltd <4011> [TSE Growth] announced its financial results after the market closed on August 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending December 2025 (January to June) turned into a loss of 75 million yen (compared to a profit of 150 million yen in the same period last year).
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to expand 92.0% from the same period last year, reaching 407 million yen.
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit/loss turned to a loss of 73 million yen (compared to a profit of 19 million yen in the same period last year). However, the operating profit margin improved from 3.0% in the same period last year to 4.8%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,158M | 46M | 47M | 30M | 8.1 | 48.0 | Aug 14, 2023 | J-GAAP |
|
|
1,332M | 151M | 150M | 100M | 26.7 | 41.4 | Aug 14, 2024 | J-GAAP |
|
|
1,637M | -24M | -75M | -52M | -13.9 | ー | Aug 14, 2025 | J-GAAP |
| YoY | +22.9% | － | － | － | － |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | ー | ー | ー | ー | － | 0 | Feb 14, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 1,637M | -24M | -75M | -52M | -13.9 | 0 | Aug 14, 2025 | J-GAAP |
| Revision Rate | － | － | － | － | － |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,573M | 156M | 212M | 172M | 45.5 | 0 | Feb 14, 2025 | J-GAAP |
|
Guidance
Jul - Dec, 2025
|
2,370M | 352M | 407M | 289M | 75.3 | 0 | Aug 14, 2025 | J-GAAP |
| YoY | +50.7% | +125.6% | +92.0% | +68.0% | +65.3% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,315M | 94M | 98M | 70M | 18.9 | 0 | Feb 14, 2024 | J-GAAP |
|
|
2,905M | 307M | 362M | 272M | 72.0 | 0 | Feb 14, 2025 | J-GAAP |
|
Guidance
Dec, 2025
|
4,007M | 328M | 332M | 237M | 61.7 | 0 | Feb 14, 2025 | J-GAAP |
| YoY | +37.9% | +6.8% | -8.3% | -12.9% | -14.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
624M | 19M | 19M | 11M | 2.9 | 3.0 | Aug 14, 2024 | J-GAAP |
|
|
755M | 65M | 68M | 45M | 12.0 | 8.6 | Nov 14, 2024 | J-GAAP |
|
|
818M | 91M | 144M | 127M | 33.6 | 11.1 | Feb 14, 2025 | J-GAAP |
|
|
739M | -67M | -2M | -20M | -5.4 | -9.1 | May 15, 2025 | J-GAAP |
|
|
898M | 43M | -73M | -32M | -8.5 | 4.8 | Aug 14, 2025 | J-GAAP |
| YoY | +43.9% | +126.3% | － | － | － |
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