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Hoosiers Holdings, First Half Ordinary Profit Decreases by 73%

Thu Nov 14, 2024 4:00 pm JST Earnings

3284 Hoosiers Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Hoosiers Holdings <3284> [TSE-P] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 72.6% from the same period last year to 413 million yen. The progress rate against the 8 billion yen full-year plan was 5.2%, also falling below the five-year average of 20.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 24.5% from the same period last year, reaching 7.58 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 48.3% from the same period last year, reaching 1.46 billion yen. The operating profit margin improved from 7.3% in the same period last year to 7.6%.

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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
Apr - Sep, 2022 20,102 286 -237 -256 -7.3 ー Nov 10, 2022 J-GAAP
Apr - Sep, 2023 28,762 1,924 1,506 858 24.2 19.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 25,577 559 413 60 1.7 5.2 Nov 14, 2024 J-GAAP
YoY -11.1% -70.9% -72.6% -93.0% -92.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 29 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 25,577 559 413 60 1.7 29 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 57,656 7,019 6,093 3,948 111.2 28 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 71,423 8,841 7,587 5,040 141.8 29 Nov 14, 2024 J-GAAP
YoY +23.9% +26.0% +24.5% +27.7% +27.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 79,286 8,425 7,280 4,557 128.8 52 May 11, 2023 J-GAAP
Mar, 2024 86,418 8,943 7,599 4,806 135.3 55 May 14, 2024 J-GAAP
Mar, 2025 Guidance 97,000 9,400 8,000 5,100 143.5 58 May 14, 2024 J-GAAP
YoY +12.2% +5.1% +5.3% +6.1% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,122 1,026 985 613 17.3 7.3 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 14,317 441 300 160 4.5 3.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 43,339 6,578 5,793 3,788 106.7 15.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,729 -642 -1,048 -960 -27.0 -6.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 15,848 1,201 1,461 1,020 29.1 7.6 Nov 14, 2024 J-GAAP
YoY +12.2% +17.1% +48.3% +66.4% +68.1%

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