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

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%

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