HIGASHIMARU, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 2.8 times, Exceeds Full-Year Plan

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Thu Feb 13, 2025 2:00 pm JST Earnings

2058 HIGASHIMARU CO.,LTD. 【J-GAAP】

Earnings Report

HIGASHIMARU CO.,LTD. <2058> [FSE] announced its financial results in the afternoon session on February 13th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.8 times that of the same period last year, reaching 498 million yen. The progress rate toward the full-year plan of 259 million yen is 192.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 239 million yen (compared to a loss of 124 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 285 million yen. The operating profit margin improved from 4.0% in the same period last year to 5.9%.

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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
Apr - Dec, 2022	9,245	47	171	95	24.4	174.5	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	10,183	145	179	41	10.5	325.5	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	11,444	413	498	328	83.1	192.3	Feb 13, 2025	J-GAAP
YoY	+12.4%	+184.8%	+178.2%	+700.0%	+693.2%

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	6,664	-3	13	-79	-20.1	9	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,134	60	46	-44	-11.1	9	Nov 13, 2024	J-GAAP
YoY	-8.0%	－	+253.8%	+44.3%	+44.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,724	-33	98	-75	-19.2	9	May 15, 2023	J-GAAP
Mar, 2024	13,010	-11	55	-104	-26.5	9	May 13, 2024	J-GAAP
Mar, 2025 Guidance	13,469	229	259	113	28.6	9	May 13, 2024	J-GAAP
YoY	+3.5%	－	+370.9%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,837	153	137	66	16.9	4.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,827	-156	-124	-145	-36.9	-5.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,455	16	54	101	25.7	0.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,880	153	159	56	14.3	3.9	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	4,109	244	285	171	43.3	5.9	Feb 13, 2025	J-GAAP
YoY	+7.1%	+59.5%	+108.0%	+159.1%	+157.0%