Hakuten, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 26%, Raises Record High Profit Forecast, Dividend Revised Upward by 2 Yen

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Fri Nov 14, 2025 3:30 pm JST Earnings

2173 Hakuten Corporation 【J-GAAP】

Earnings Report

Hakuten Corporation <2173> [TSE Growth] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) expanded 1.56 billion yen, an increase 82.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 26.2%, from the previous forecast of 1.68 billion yen to 2.13 billion yen (compared to 1.38 billion yen in the previous period), increasing the growth rate from 22.2% to 54.2%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase 83.7%, from the previous forecast of 0.52 billion yen to 0.97 billion yen (compared to 0.38 billion yen in the same period of the previous year), increasing the growth rate from 38.6% to 2.5 times.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 22 yen to 24 yen (compared to 19 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of 0.40 billion yen (compared to a loss of 0.14 billion yen in the same period last year). The operating profit/loss margin drastically improved from -5.1% in the same period last year to 8.7%.

Kabutan News

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, 2023 Changed	13,136	1,027	1,035	678	44.2	74.9	Feb 14, 2024	J-GAAP
Jan - Sep, 2024	12,847	866	859	575	37.2	62.2	Nov 12, 2024	J-GAAP
Jan - Sep, 2025	14,950	1,572	1,565	1,063	68.2	73.5	Nov 14, 2025	J-GAAP
YoY	+16.4%	+81.5%	+82.2%	+84.9%	+83.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2025 Prev	10,586	532	528	397	25.4	12	Aug 7, 2025	J-GAAP
Jul - Dec, 2025 New	12,186	982	970	707	45.2	14	Nov 14, 2025	J-GAAP
Revision Rate	+15.1%	+84.6%	+83.7%	+78.1%	+78.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2025 Prev	20,900	1,700	1,688	1,190	76.0	22	Aug 7, 2025	J-GAAP
Dec, 2025 New	22,500	2,150	2,130	1,500	95.8	24	Nov 14, 2025	J-GAAP
Revision Rate	+7.7%	+26.5%	+26.2%	+26.1%	+26.1%

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	12,186	982	970	707	45.2	14	Nov 14, 2025	J-GAAP
YoY	+38.9%	+155.1%	+154.6%	+121.6%	+119.1%

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	22,500	2,150	2,130	1,500	95.8	24	Nov 14, 2025	J-GAAP
YoY	+19.4%	+54.3%	+54.2%	+50.2%	+48.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Jul - Sep, 2025	4,636	404	405	270	17.3	8.7	Nov 14, 2025	J-GAAP
YoY	+66.9%	－	－	－	－