Hammock Inc., First Half Ordinary Profit Increases by 9%, July-September Ordinary Profit Increases by 17%

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Thu Nov 14, 2024 11:30 am JST Earnings

173A Hammock Inc.

Earnings Report

Hammock Inc. <173A> [TSE-G] announced its financial results at noon (11:30) on November 14th. The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.4% from the same period last year, reaching 362 million yen. The progress rate against the 753 million yen full-year plan was 48.1%, exceeding the same period of the previous year of 42.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 12.5% from the same period last year to 391 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 17.4% from the same period last year, reaching 223 million yen. The operating profit margin jumped from 15.1% in the same period last year to 22.6%.

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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, 2024	2,254	381	362	284	67.6	48.1	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	2,254	381	362	284	67.6	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	2,245	414	447	413	99.5	30	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,484	337	391	257	61.1	30	Nov 14, 2024	J-GAAP
YoY	+10.6%	-18.6%	-12.5%	-37.8%	-38.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	4,282	670	778	648	156.0	30	May 15, 2024	J-GAAP
Mar, 2025 Guidance	4,738	718	753	541	128.6	30	May 15, 2024	J-GAAP
YoY	+10.6%	+7.2%	-3.2%	-16.5%	-17.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2024	1,174	219	264	290	69.8	18.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,053	109	139	94	22.5	10.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,201	272	223	190	45.2	22.6	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－