HARD OFF, The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Raises Record High Profit Forecast

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Feb 6, 2025 2:00 pm JST Earnings

2674 HARD OFF CORPORATION Co.,Ltd. 【J-GAAP】

Earnings Report

HARD OFF CORPORATION Co.,Ltd. <2674> [TSE Prime] announced its financial results in the afternoon session on February 6th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 23.0% from the same period last year, reaching 2.69 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 5.2%, from the previous forecast of 3.28 billion yen to 3.45 billion yen (compared to 2.99 billion yen in the previous period), increasing the growth rate from 9.7% to 15.4%, 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 October to March period (2H) is expected to increase 10.4%, from the previous forecast of 1.64 billion yen to 1.81 billion yen (compared to 1.78 billion yen in the same period of the previous year), turning to a 1.2% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.8% from the same period last year, reaching 1.05 billion yen. However, the operating profit margin decreased from 12.0% in the same period last year to 11.6%.

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, 2022	20,004	1,823	1,954	1,194	86.1	77.8	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	22,052	2,029	2,191	1,353	97.4	73.3	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	24,803	2,535	2,696	1,734	124.8	78.1	Feb 6, 2025	J-GAAP
YoY	+12.5%	+24.9%	+23.0%	+28.2%	+28.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	16,585	1,618	1,641	1,099	79.1	76	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	17,165	1,738	1,811	1,189	85.6	76	Feb 6, 2025	J-GAAP
Revision Rate	+3.5%	+7.4%	+10.4%	+8.2%	+8.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	32,750	3,150	3,280	2,120	152.6	76	May 9, 2024	J-GAAP
Mar, 2025 New	33,330	3,270	3,450	2,210	159.0	76	Feb 6, 2025	J-GAAP
Revision Rate	+1.8%	+3.8%	+5.2%	+4.2%	+4.2%

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	15,928	1,720	1,789	1,336	96.1	76	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,165	1,738	1,811	1,189	85.6	76	Feb 6, 2025	J-GAAP
YoY	+7.8%	+1.0%	+1.2%	-11.0%	-11.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,040	2,312	2,510	1,653	119.1	60	May 11, 2023	J-GAAP
Mar, 2024	30,105	2,803	2,990	2,093	150.6	76	May 9, 2024	J-GAAP
Mar, 2025 Guidance	33,330	3,270	3,450	2,210	159.0	76	Feb 6, 2025	J-GAAP
YoY	+10.7%	+16.7%	+15.4%	+5.6%	+5.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,875	946	990	596	42.9	12.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	8,053	774	799	740	53.3	9.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	8,282	967	1,019	667	48.0	11.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	7,883	565	620	354	25.5	7.2	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	8,638	1,003	1,057	713	51.3	11.6	Feb 6, 2025	J-GAAP
YoY	+9.7%	+6.0%	+6.8%	+19.6%	+19.7%