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HIP CORPORATION, First Half Ordinary Profit Unexpectedly Revised Upward by 5%

Wed Nov 6, 2024 4:30 pm JST Earnings

2136 HIP CORPORATION 【J-GAAP】

Earnings Report

HIP CORPORATION <2136> [TSE-S] announced its financial results after the market closed on November 6th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.5% from the same period last year, reaching 270 million yen, resulting in an increase in profits compared to the previous forecast of a 10.5% decrease.

The progress rate against the 551 million yen full-year plan was 49.0%, exceeding the five-year average of 44.3%.

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 4.4% from the same period last year to 281 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit amounted to 129 million yen, an increase of 0.8% compared to the same period last year. However, the operating profit margin worsened from 9.2% in the same period last year to 8.7%.

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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 2,689 270 284 194 48.9 48.0 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 2,813 257 256 224 56.4 46.5 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 2,935 271 270 184 47.1 49.0 Nov 6, 2024 J-GAAP
YoY +4.3% +5.4% +5.5% -17.9% -16.6%

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 2,880 230 229 154 39.2 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 2,935 271 270 184 47.1 0 Nov 6, 2024 J-GAAP
Revision Rate +1.9% +17.8% +17.9% +19.5% +20.1%

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 2,847 297 294 164 41.4 50 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,947 283 281 188 48.4 51 Nov 6, 2024 J-GAAP
YoY +3.5% -4.7% -4.4% +14.6% +16.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,475 577 592 401 101.0 40 May 10, 2023 J-GAAP
Mar, 2024 5,660 554 550 388 97.9 50 May 8, 2024 J-GAAP
Mar, 2025 Guidance 5,882 554 551 372 95.8 51 May 8, 2024 J-GAAP
YoY +3.9% 0.0% +0.2% -4.1% -2.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,399 129 128 137 34.5 9.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 1,466 198 198 111 28.0 13.5 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 1,381 99 96 53 13.4 7.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 1,458 142 141 96 24.7 9.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 1,477 129 129 88 22.5 8.7 Nov 6, 2024 J-GAAP
YoY +5.6% 0.0% +0.8% -35.8% -34.7%

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