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Hokuyu Lucky Co.,Ltd., First Half Ordinary Profit Fell to Zero, June-Augus Ordinary Profit Turns to Loss

Wed Oct 9, 2024 3:00 pm JST Earnings

2747 Hokuyu Lucky Co.,Ltd. 【J-GAAP】

Earnings Report

Hokuyu Lucky Co.,Ltd. <2747> [TSE-S] announced its financial results after the market closed on October 9th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by break even (compared to a 301 million yen in the same period last year)..

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 surge by 2.2 times that of the same period last year, reaching 520 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a loss of 13 million yen (compared to a profit of 247 million yen in the same period last year). The operating profit/loss margin worsened from 2.5% in the same period last year to -0.2%.

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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 18,690 109 118 -68 -54.5 28.2 Oct 11, 2022 J-GAAP
Mar - Aug, 2023 18,960 287 301 197 156.0 56.3 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 18,140 29 0 19 15.2 0.0 Oct 9, 2024 J-GAAP
YoY -4.3% -89.9% － -90.4% -90.2%

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 18,900 269 280 206 163.0 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 18,140 29 0 19 15.2 0 Oct 9, 2024 J-GAAP
Revision Rate -4.0% -89.2% － -90.8% -90.6%

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 18,959 222 234 109 86.4 50 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 19,260 468 520 341 269.8 50 Oct 9, 2024 J-GAAP
YoY +1.6% +110.8% +122.2% +212.8% +212.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 37,714 376 418 128 101.6 50 Apr 19, 2023 J-GAAP
Feb, 2024 37,919 509 535 306 242.6 50 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 37,400 497 520 360 284.8 50 Apr 12, 2024 J-GAAP
YoY -1.4% -2.4% -2.8% +17.6% +17.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 9,752 241 247 166 131.5 2.5 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 9,043 88 89 55 43.7 1.0 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 9,916 134 145 54 42.8 1.4 Apr 12, 2024 J-GAAP
Mar - May, 2024 8,903 49 13 39 31.0 0.6 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 9,237 -20 -13 -20 -16.0 -0.2 Oct 9, 2024 J-GAAP
YoY -5.3% － － － －

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