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HATCH WORK, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 26%, Raises Record High Profit Forecast

Wed Nov 12, 2025 3:30 pm JST Earnings

148A HATCH WORK CO.,LTD. 【J-GAAP】

Earnings Report

HATCH 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%.

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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
Jan - Sep, 2024 1,753 132 112 73 41.3 72.3 Nov 12, 2024 J-GAAP
Jan - Sep, 2025 2,023 223 237 155 81.3 95.6 Nov 12, 2025 J-GAAP
YoY +15.4% +68.9% +111.6% +112.3% +96.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 1,402 16 10 81 42.3 0 Aug 12, 2025 J-GAAP
Jul - Dec, 2025 New 1,402 58 61 150 78.4 0 Nov 12, 2025 J-GAAP
Revision Rate 0.0% +262.5% +510.0% +85.2% +85.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 2,740 187 197 203 106.1 0 Feb 12, 2025 J-GAAP
Dec, 2025 New 2,740 229 248 272 142.1 0 Nov 12, 2025 J-GAAP
Revision Rate 0.0% +22.5% +25.9% +34.0% +34.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 1,204 96 86 85 47.5 0 Feb 12, 2025 J-GAAP
Jul - Dec, 2025 Guidance 1,402 58 61 150 78.4 0 Nov 12, 2025 J-GAAP
YoY +16.4% -39.6% -29.1% +76.5% +64.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,056 20 11 77 47.0 0 Mar 26, 2024 J-GAAP
Dec, 2024 2,367 183 155 130 72.7 0 Feb 12, 2025 J-GAAP
Dec, 2025 Guidance 2,740 229 248 272 142.1 0 Nov 12, 2025 J-GAAP
YoY +15.8% +25.1% +60.0% +109.2% +95.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 590 45 43 28 15.9 7.6 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 614 51 43 57 31.9 8.3 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 643 74 92 60 31.6 11.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 695 97 95 62 32.6 14.0 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 685 52 50 33 17.3 7.6 Nov 12, 2025 J-GAAP
YoY +16.1% +15.6% +16.3% +17.9% +9.3%

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