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Hibino, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%, Highest in Ten Terms
2469 Hibino Corporation 【J-GAAP】
Earnings ReportHibino Corporation <2469> [TSE Std] announced its financial results after the market closed on February 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 4.50 billion yen, an increase 74.0% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 6.8%, from the previous forecast of 4.40 billion yen to 4.70 billion yen (compared to 3.92 billion yen in the previous period), increasing the growth rate from 12.1% to 19.8%, reaches new record high for the first time in ten terms.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 15.0%, from the previous forecast of 2.00 billion yen to 2.30 billion yen (compared to 2.56 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 21.8% to 10.1%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 71.5% from the same period last year, reaching 2.11 billion yen. The operating profit margin significantly improved from 8.4% in the same period last year to 12.2%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 34,149 | 1,784 | 1,894 | 967 | 97.5 | 64.2 | Feb 5, 2024 | J-GAAP |
| Apr - Dec, 2024 | 41,435 | 2,682 | 2,592 | 1,412 | 142.1 | 66.1 | Feb 10, 2025 | J-GAAP |
| Apr - Dec, 2025 | 48,618 | 4,494 | 4,509 | 2,591 | 261.2 | 95.9 | Feb 9, 2026 | J-GAAP |
| YoY | +17.3% | +67.6% | +74.0% | +83.5% | +83.7% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 36,184 | 2,069 | 2,004 | 1,225 | 123.6 | 40 | Nov 10, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 36,184 | 2,319 | 2,304 | 1,325 | 133.6 | 40 | Feb 9, 2026 | J-GAAP |
| Revision Rate | 0.0% | +12.1% | +15.0% | +8.2% | +8.2% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 67,500 | 4,450 | 4,400 | 2,550 | 257.2 | 80 | Nov 10, 2025 | J-GAAP |
| Mar, 2026 New | 67,500 | 4,700 | 4,700 | 2,650 | 267.3 | 80 | Feb 9, 2026 | J-GAAP |
| Revision Rate | 0.0% | +5.6% | +6.8% | +3.9% | +3.9% |
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 | 32,576 | 2,707 | 2,564 | 942 | 94.9 | 30 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 36,184 | 2,319 | 2,304 | 1,325 | 133.6 | 40 | Feb 9, 2026 | J-GAAP |
| YoY | +11.1% | -14.3% | -10.1% | +40.7% | +40.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 50,491 | 2,814 | 2,951 | 1,627 | 164.0 | 45 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 59,473 | 4,171 | 3,924 | 1,722 | 173.5 | 70 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 67,500 | 4,700 | 4,700 | 2,650 | 267.3 | 80 | Feb 9, 2026 | J-GAAP |
| YoY | +13.5% | +12.7% | +19.8% | +53.9% | +54.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 14,538 | 1,218 | 1,232 | 632 | 63.6 | 8.4 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 18,038 | 1,489 | 1,332 | 310 | 31.2 | 8.3 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 13,861 | 817 | 894 | 504 | 50.8 | 5.9 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 17,455 | 1,564 | 1,502 | 821 | 82.7 | 9.0 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 17,302 | 2,113 | 2,113 | 1,266 | 127.6 | 12.2 | Feb 9, 2026 | J-GAAP |
| YoY | +19.0% | +73.5% | +71.5% | +100.3% | +100.6% |
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