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Hakuten, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%, Raises Record High Profit Forecast, Dividend Revised Upward by 2 Yen

Thu Aug 7, 2025 11:30 am JST Earnings

2173 Hakuten Corporation 【J-GAAP】

Earnings Report

Hakuten Corporation <2173> [TSE Growth] announced its financial results at noon (11:30) on August 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 16.0% from the same period last year, reaching 1.16 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 17.2%, from the previous forecast of 1.44 billion yen to 1.68 billion yen (compared to 1.38 billion yen in the previous period), increasing the growth rate from 4.3% to 22.2%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to expand 38.6% from the same period last year, reaching 0.52 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 20 yen to 22 yen (compared to 19 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit grew 20.9% from the same period last year, reaching 0.86 billion yen. The operating profit margin rose from 12.9% in the same period last year to 14.4%.

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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, 2023 Changed 6,292 79 84 13 0.9 8.1 Nov 14, 2023 J-GAAP
Jan - Jun, 2024 10,069 1,008 1,000 680 44.0 72.4 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 10,314 1,168 1,160 793 50.9 68.7 Aug 7, 2025 J-GAAP
YoY +2.4% +15.9% +16.0% +16.6% +15.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 10 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 10,314 1,168 1,160 793 50.9 10 Aug 7, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 20,900 1,450 1,440 1,010 64.5 20 Feb 14, 2025 J-GAAP
Dec, 2025 New 20,900 1,700 1,688 1,190 76.0 22 Aug 7, 2025 J-GAAP
Revision Rate 0.0% +17.2% +17.2% +17.8% +17.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 8,776 385 381 319 20.6 11 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 10,586 532 528 397 25.4 12 Aug 7, 2025 J-GAAP
YoY +20.6% +38.2% +38.6% +24.5% +23.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 Changed 13,136 1,027 1,035 678 44.2 13.50 Feb 14, 2024 J-GAAP
Dec, 2024 18,845 1,393 1,381 999 64.5 19 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 20,900 1,700 1,688 1,190 76.0 22 Aug 7, 2025 J-GAAP
YoY +10.9% +22.0% +22.2% +19.1% +17.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 5,607 722 717 488 31.6 12.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,778 -142 -141 -105 -6.8 -5.1 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 5,998 527 522 424 27.4 8.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 4,239 296 293 192 12.4 7.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 6,075 872 867 601 38.6 14.4 Aug 7, 2025 J-GAAP
YoY +8.3% +20.8% +20.9% +23.2% +22.1%

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