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HIRAGA, First Half Ordinary Profit Decreases by 59%

Fri Nov 7, 2025 3:30 pm JST Earnings

7863 HIRAGA CO., LTD. 【J-GAAP】

Earnings Report

HIRAGA CO., LTD. <7863> [TSE Std] announced its financial results after the market closed on November 7th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 59.3% from the same period last year to 114 million yen, fell short of the previous forecast of 230 million yen.

Progress toward the full-year plan of 470 million yen was 24.3%, also falling below the five-year average of 45.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to surge 2.3 times that of the same period last year, reaching 356 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 38 million yen, a 69.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.4% in the same period last year to 0.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 4,740 172 211 143 49.8 37.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 4,855 244 280 190 66.3 64.1 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 4,898 77 114 71 24.9 24.3 Nov 7, 2025 J-GAAP
YoY +0.9% -68.4% -59.3% -62.6% -62.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 5,000 190 230 160 55.7 0 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 4,898 77 114 71 24.9 0 Nov 7, 2025 J-GAAP
Revision Rate -2.0% -59.5% -50.4% -55.6% -55.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 4,937 121 157 121 42.2 40 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,502 323 356 259 90.1 40 Nov 7, 2025 J-GAAP
YoY +11.4% +166.9% +126.8% +114.0% +113.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 9,954 494 565 565 195.9 40 May 10, 2024 J-GAAP
Mar, 2025 9,792 365 437 311 108.4 40 May 9, 2025 J-GAAP
Mar, 2026 Guidance 10,400 400 470 330 114.8 40 May 9, 2025 J-GAAP
YoY +6.2% +9.6% +7.6% +6.1% +5.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,434 107 123 83 29.0 4.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 2,770 134 155 106 36.9 4.8 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 2,167 -13 2 15 5.2 -0.6 May 9, 2025 J-GAAP
Apr - Jun, 2025 2,528 56 76 45 15.9 2.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,370 21 38 26 9.1 0.9 Nov 7, 2025 J-GAAP
YoY -2.6% -80.4% -69.1% -68.7% -68.5%

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