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Hakudo, First Half Ordinary Profit Decreases by 39%, Increased First Half Dividend by 1 Yen

Wed Nov 12, 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 November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 38.8% from the same period last year to 1.08 billion yen. Progress toward the full-year plan of 2.58 billion yen was 42.1%, also falling below the five-year average of 47.9%.

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 October to March period (second half) is expected to grow 3.9% from the same period last year, reaching 1.49 billion yen.

At the same time, the company increased the dividend for the first half from 27 yen to 28 yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.61 billion yen, a 21.6% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 4.2% in the same period last year to 4.0%.

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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 28,709 1,220 1,419 985 86.9 49.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 32,488 1,570 1,777 1,223 107.9 55.3 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 32,699 1,005 1,087 683 60.3 42.1 Nov 12, 2025 J-GAAP
YoY +0.6% -36.0% -38.8% -44.2% -44.1%

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 32,300 930 1,030 660 58.2 27 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 32,699 1,005 1,087 683 60.3 28 Nov 12, 2025 J-GAAP
Revision Rate +1.2% +8.1% +5.5% +3.5% +3.5%

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 33,922 1,413 1,437 1,013 89.4 40 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,501 1,445 1,493 1,007 88.8 52 Nov 12, 2025 J-GAAP
YoY +1.7% +2.3% +3.9% -0.6% -0.6%

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
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
Jul - Sep, 2025 15,640 620 612 393 34.7 4.0 Nov 12, 2025 J-GAAP
YoY -6.6% -11.7% -21.6% -26.5% -26.5%

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