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HALOWS CO.,LTD., First Half Ordinary Profit Increases by 14%, June-Augus Ordinary Profit Increases by 8%

Fri Sep 27, 2024 3:00 pm JST Earnings

2742 HALOWS CO.,LTD. 【J-GAAP】

Earnings Report

HALOWS CO.,LTD. <2742> [TSE-P] announced its financial results after the market closed on September 27th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 14.3% from the same period last year, reaching 5.75 billion yen. The progress rate against the 10.9 billion yen full-year plan was 52.6%, also surpassing the five-year average of 47.5%.

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 September to February period (second half) is expected to decrease by 11.4% from the same period last year to 5.19 billion yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit grew by 8.4% from the same period last year, reaching 2.8 billion yen. However, the operating profit margin remained almost flat, changing from 5.2% in the same period last year to 5.2%.

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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
Mar - Aug, 2022 85,216 4,330 4,338 2,955 138.4 47.5 Sep 28, 2022 J-GAAP
Mar - Aug, 2023 95,488 5,043 5,039 3,437 160.9 46.2 Sep 28, 2023 J-GAAP
Mar - Aug, 2024 103,292 5,749 5,759 3,997 187.1 52.6 Sep 27, 2024 J-GAAP
YoY +8.2% +14.0% +14.3% +16.3% +16.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 99,196 5,270 5,250 3,560 166.6 26 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 Results 103,292 5,749 5,759 3,997 187.1 26 Sep 27, 2024 J-GAAP
Revision Rate +4.1% +9.1% +9.7% +12.3% +12.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 99,956 5,827 5,857 5,152 241.2 26 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 98,463 5,211 5,191 3,423 160.1 26 Sep 27, 2024 J-GAAP
YoY -1.5% -10.6% -11.4% -33.6% -33.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 174,107 9,052 9,141 6,201 290.3 42 Apr 11, 2023 J-GAAP
Feb, 2024 195,444 10,870 10,896 8,589 402.1 46 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 201,755 10,960 10,950 7,420 347.0 52 Apr 11, 2024 J-GAAP
YoY +3.2% +0.8% +0.5% -13.6% -13.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 49,498 2,592 2,590 1,775 83.1 5.2 Sep 28, 2023 J-GAAP
Sep - Nov, 2023 49,055 2,700 2,718 1,856 86.9 5.5 Dec 27, 2023 J-GAAP
Dec - Feb, 2023 50,901 3,127 3,139 3,296 154.3 6.1 Apr 11, 2024 J-GAAP
Mar - May, 2024 49,736 2,950 2,952 2,051 96.0 5.9 Jun 27, 2024 J-GAAP
Jun - Aug, 2024 53,556 2,799 2,807 1,946 91.1 5.2 Sep 27, 2024 J-GAAP
YoY +8.2% +8.0% +8.4% +9.6% +9.6%

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