HOKKAIDENKO CORPORATION, First Half Ordinary Profit Increases by 2.7 times, July-September Ordinary Profit Increases by 31%

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Wed Oct 30, 2024 4:30 pm JST Earnings

1832 HOKKAIDENKO CORPORATION 【J-GAAP】

Earnings Report

HOKKAIDENKO CORPORATION <1832> [SapporoSE] announced its financial results after the market closed on October 30th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 958 million yen. The progress rate against the 3.24 billion yen full-year plan was 29.6%, exceeding the same period of the previous year of 11.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 14.9% from the same period last year to 2.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 30.9% from the same period last year, reaching 631 million yen. The operating profit margin improved from 3.6% in the same period last year to 4.0%.

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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, 2022	29,194	-252	-184	-168	-8.1	ー	Oct 26, 2022	J-GAAP
Apr - Sep, 2023	23,365	296	355	155	7.5	11.7	Oct 25, 2023	J-GAAP
Apr - Sep, 2024	27,087	901	958	611	29.5	29.6	Oct 30, 2024	J-GAAP
YoY	+15.9%	+204.4%	+169.9%	+294.2%	+293.9%

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	－	10	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	27,087	901	958	611	29.5	10	Oct 30, 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	36,734	2,560	2,681	1,864	90.0	10	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	38,913	2,149	2,282	1,519	73.3	10	Oct 30, 2024	J-GAAP
YoY	+5.9%	-16.1%	-14.9%	-18.5%	-18.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	71,005	1,261	1,446	938	45.3	10	Apr 27, 2023	J-GAAP
Mar, 2024	60,099	2,856	3,036	2,019	97.5	10	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	66,000	3,050	3,240	2,130	102.8	20	Oct 28, 2024	J-GAAP
YoY	+9.8%	+6.8%	+6.7%	+5.5%	+5.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,141	470	482	281	13.6	3.6	Oct 25, 2023	J-GAAP
Oct - Dec, 2023	16,625	1,029	1,132	779	37.6	6.2	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	20,109	1,531	1,549	1,085	52.4	7.6	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	11,654	286	327	194	9.4	2.5	Jul 24, 2024	J-GAAP
Jul - Sep, 2024	15,433	615	631	417	20.1	4.0	Oct 30, 2024	J-GAAP
YoY	+17.4%	+30.9%	+30.9%	+48.4%	+48.2%