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HEIAN CEREMONY SERVICE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 3%, Oct-Dec Ordinary Profit Decreases by 8%

Fri Feb 7, 2025 3:30 pm JST Earnings

2344 HEIAN CEREMONY SERVICE CO.,LTD. 【J-GAAP】

Earnings Report

HEIAN CEREMONY SERVICE CO.,LTD. <2344> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 3.3% from the same period last year to 1.15 billion yen. The progress rate toward the full-year plan of 1.91 billion yen was 60.4%, also falling below the five-year average of 68.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 34.4% from the same period last year, reaching 0.75 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.48 billion yen, a 7.6% decrease compared to the same period last year. The operating profit margin decreased from 18.7% in the same period last year to 16.7%.

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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 6,984 947 1,053 684 56.0 64.7 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 7,324 1,100 1,198 638 52.5 68.0 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 7,639 1,056 1,158 807 67.4 60.4 Feb 7, 2025 J-GAAP
YoY +4.3% -4.0% -3.3% +26.5% +28.4%

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 5,428 1,031 1,092 608 50.2 16 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,427 1,135 1,246 774 64.6 17 Nov 7, 2024 J-GAAP
YoY 0.0% +10.1% +14.1% +27.3% +28.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,669 1,492 1,627 1,053 86.3 28 May 8, 2023 J-GAAP
Mar, 2024 10,081 1,631 1,762 888 73.3 30 May 7, 2024 J-GAAP
Mar, 2025 Guidance 10,389 1,759 1,916 1,253 104.6 33 May 7, 2024 J-GAAP
YoY +3.1% +7.8% +8.7% +41.1% +42.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,671 500 528 358 29.4 18.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 2,757 531 564 250 20.6 19.3 May 7, 2024 J-GAAP
Apr - Jun, 2024 2,476 328 352 236 19.7 13.2 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 2,486 296 318 243 20.3 11.9 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 2,677 432 488 328 27.4 16.1 Feb 7, 2025 J-GAAP
YoY +0.2% -13.6% -7.6% -8.4% -7.0%

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