Hokuryo, The Current Fiscal Year Ordinary Profit Revised Upward by 26%, Dividend Revised Upward by 16 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Feb 12, 2025 3:30 pm JST Earnings

1384 Hokuryo Co., Ltd. 【J-GAAP】

Earnings Report

Hokuryo Co., Ltd. <1384> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 50.7% from the same period last year to 1.27 billion yen.

However, the full-year ordinary profit has been revised upward 26.2%, from the previous forecast of 1.43 billion yen to 1.8 billion yen (compared to 2.31 billion yen in the previous period), and the declining rate is expected to decrease from 38.3% to 22.1%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) is expected to increase 35.9%, from the previous forecast of 1.04 billion yen to 1.41 billion yen (compared to 0.42 billion yen in the same period of the previous year), increasing the growth rate from 2.5 times to 3.3 times.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 54 yen to 70 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 28.8% from the same period last year, reaching 0.88 billion yen. The operating profit margin rose from 13.2% in the same period last year to 16.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	12,939	1,056	1,107	927	109.7	80.0	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	14,726	2,521	2,577	1,787	211.3	111.3	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	14,183	1,212	1,270	1,605	189.8	70.4	Feb 12, 2025	J-GAAP
YoY	-3.7%	-51.9%	-50.7%	-10.2%	-10.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	10,282	1,018	1,042	507	59.9	54	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	10,402	1,378	1,416	959	113.4	70	Feb 12, 2025	J-GAAP
Revision Rate	+1.2%	+35.4%	+35.9%	+89.2%	+89.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	19,180	1,370	1,430	1,522	179.9	54	Nov 13, 2024	J-GAAP
Mar, 2025 New	19,300	1,730	1,804	1,974	233.4	70	Feb 12, 2025	J-GAAP
Revision Rate	+0.6%	+26.3%	+26.2%	+29.7%	+29.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	9,228	389	424	352	41.6	40	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,402	1,378	1,416	959	113.4	70	Feb 12, 2025	J-GAAP
YoY	+12.7%	+254.2%	+234.0%	+172.4%	+172.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,823	1,318	1,383	745	88.1	20	May 12, 2023	J-GAAP
Mar, 2024	18,901	2,245	2,316	1,656	195.8	40	May 14, 2024	J-GAAP
Mar, 2025 Guidance	19,300	1,730	1,804	1,974	233.4	70	Feb 12, 2025	J-GAAP
YoY	+2.1%	-22.9%	-22.1%	+19.2%	+19.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,053	665	685	483	57.1	13.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	4,175	-276	-261	-131	-15.5	-6.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,386	249	270	186	22.0	5.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,512	103	118	829	98.0	2.3	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	5,285	860	882	590	69.8	16.3	Feb 12, 2025	J-GAAP
YoY	+4.6%	+29.3%	+28.8%	+22.2%	+22.1%