HATCH WORK, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 26%, Raises Record High Profit Forecast
148A HATCH WORK CO.,LTD. 【J-GAAP】
Earnings ReportHATCH WORK CO.,LTD. <148A> [TSE Growth] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2025 (January to September) surged 2.1 times that of the same period last year, reaching 237 million yen.
In addition, the full-year forecast for ordinary profit has been revised upward 25.9%, from the previous forecast of 197 million yen to 248 million yen (compared to 155 million yen in the previous period), increasing the growth rate from 27.1% to 60.0%, further surpassing the previous forecast of record-high profits for two consecutive terms.
Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the July to December period (second half) has been revised upward 6.1 times, from the previous forecast of 10 million yen to 61 million yen (compared to 86 million yen in the same period of the previous year), and the declining rate is expected to decrease from 88.4% to 29.1%.
In the most recent three-month period, from July to September (3Q), the ordinary profit grew 16.3% from the same period last year, reaching 50 million yen. However, the operating profit margin remained almost flat, changing from 7.6% in the same period last year to 7.6%.
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 |
|---|---|---|---|---|---|---|---|---|
|
|
1,753M | 132M | 112M | 73M | 41.3 | 72.3 | Nov 12, 2024 | J-GAAP |
|
|
2,023M | 223M | 237M | 155M | 81.3 | 95.6 | Nov 12, 2025 | J-GAAP |
| YoY | +15.4% | +68.9% | +111.6% | +112.3% | +96.9% |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2025 Prev | 1,402M | 16M | 10M | 81M | 42.2 | 0 | Aug 12, 2025 | J-GAAP |
| Jul - Dec, 2025 New | 1,402M | 58M | 61M | 150M | 78.2 | 0 | Nov 12, 2025 | J-GAAP |
| Revision Rate | 0.0% | +262.5% | +510.0% | +85.2% | +85.2% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2025 Prev | 2,740M | 187M | 197M | 203M | 105.8 | 0 | Feb 12, 2025 | J-GAAP |
| Dec, 2025 New | 2,740M | 229M | 248M | 272M | 141.8 | 0 | Nov 12, 2025 | J-GAAP |
| Revision Rate | 0.0% | +22.5% | +25.9% | +34.0% | +34.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,204M | 96M | 86M | 85M | 47.5 | 0 | Feb 12, 2025 | J-GAAP |
|
Guidance
Jul - Dec, 2025
|
1,402M | 58M | 61M | 150M | 78.2 | 0 | Nov 12, 2025 | J-GAAP |
| YoY | +16.4% | -39.6% | -29.1% | +76.5% | +64.5% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,056M | 20M | 11M | 77M | 47.0 | 0 | Mar 26, 2024 | J-GAAP |
|
|
2,367M | 183M | 155M | 130M | 72.7 | 0 | Feb 12, 2025 | J-GAAP |
|
Guidance
Dec, 2025
|
2,740M | 229M | 248M | 272M | 141.8 | 0 | Nov 12, 2025 | J-GAAP |
| YoY | +15.8% | +25.1% | +60.0% | +109.2% | +95.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
590M | 45M | 43M | 28M | 15.9 | 7.6 | Nov 12, 2024 | J-GAAP |
|
|
614M | 51M | 43M | 57M | 31.9 | 8.3 | Feb 12, 2025 | J-GAAP |
|
|
643M | 74M | 92M | 60M | 31.6 | 11.5 | May 13, 2025 | J-GAAP |
|
|
695M | 97M | 95M | 62M | 32.6 | 14.0 | Aug 12, 2025 | J-GAAP |
|
|
685M | 52M | 50M | 33M | 17.3 | 7.6 | Nov 12, 2025 | J-GAAP |
| YoY | +16.1% | +15.6% | +16.3% | +17.9% | +9.3% |
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