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HIKARI BUSINESS FORM CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 93%, July-September Ordinary Profit Decreases by 88%

Fri Nov 8, 2024 6:00 pm JST Earnings

3948 HIKARI BUSINESS FORM CO., LTD. 【J-GAAP】

Earnings Report

HIKARI BUSINESS FORM CO., LTD. <3948> [TSE-S] announced its financial results after the market closed on November 8th (18:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 92.7% from the same period last year to 88 million yen. The progress rate against the 260 million yen full-year plan was 33.8%, also falling below the five-year average of 81.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 57.8% from the same period last year, reaching 172 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit significantly dropped to 15 million yen, a 87.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.5% in the same period last year to 0.3%.

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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
Jan - Sep, 2022 9,047 1,562 1,556 989 171.9 78.8 Nov 9, 2022 J-GAAP
Jan - Sep, 2023 7,734 1,171 1,199 675 119.4 91.7 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 5,862 59 88 51 9.3 33.8 Nov 8, 2024 J-GAAP
YoY -24.2% -95.0% -92.7% -92.4% -92.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 4,365 222 231 152 27.0 35 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,898 177 187 135 24.2 20 Aug 8, 2024 J-GAAP
YoY -10.7% -20.3% -19.0% -11.2% -10.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 11,994 1,968 1,975 1,272 221.0 50 Feb 10, 2023 J-GAAP
Dec, 2023 9,876 1,270 1,308 748 132.7 35 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 7,700 230 260 180 32.3 38 Jul 8, 2024 J-GAAP
YoY -22.0% -81.9% -80.1% -75.9% -75.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,223 123 122 79 14.0 5.5 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,142 99 109 73 13.0 4.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,982 71 82 55 9.9 3.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,820 -18 -9 -10 -1.8 -1.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,060 6 15 6 1.1 0.3 Nov 8, 2024 J-GAAP
YoY -7.3% -95.1% -87.7% -92.4% -92.2%

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