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HIROTA GROUP HOLDINGS Co.,Ltd., First Half Net Income Loss Widens

Thu Nov 14, 2024 4:40 pm JST Earnings

3346 HIROTA GROUP HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

HIROTA GROUP HOLDINGS Co.,Ltd. <3346> [NSE-N] announced its financial results after the market closed on November 14th (16:40). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 187 million yen (compared to a loss of 167 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 30 million yen. The company has been in a state of excessive liabilities (335 million yen) for five consecutive quarters.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 337 million yen (compared to a loss of 378 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of loss of 103 million yen (compared to a loss of 107 million yen in the same period last year). The operating profit/loss margin significantly improved from -18.4% in the same period last year to -15.3%.

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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 1,055 -9 -7 1 0.1 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 1,126 -166 -166 -167 -11.7 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,195 -182 -180 -187 -10.6 ー Nov 14, 2024 J-GAAP
YoY +6.1% -9.6% -8.4% -12.0% +9.4%

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 1,290 -40 -40 -30 -1.7 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,195 -182 -180 -187 -10.6 0 Nov 14, 2024 J-GAAP
Revision Rate -7.4% -355.0% -350.0% -523.3% -522.2%

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 1,237 -214 -218 -378 -25.9 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,055 342 330 337 12.8 0 Nov 14, 2024 J-GAAP
YoY +66.1% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,268 19 16 16 1.2 0 May 12, 2023 J-GAAP
Mar, 2024 2,363 -380 -384 -545 -37.3 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 3,250 160 150 150 5.7 0 May 14, 2024 J-GAAP
YoY +37.5% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 582 -107 -107 -107 -7.5 -18.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 632 -130 -131 -132 -9.3 -20.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 605 -84 -87 -246 -16.9 -13.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 593 -90 -84 -84 -4.8 -15.2 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 602 -92 -96 -103 -5.9 -15.3 Nov 14, 2024 J-GAAP
YoY +3.4% +14.0% +10.3% +3.7% +22.1%

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