Hybrid Technologies Co., Ltd., Last Fiscal Year Net Income Revised Downward to an Unexpected 67% Decrease
4260 Hybrid Technologies Co., Ltd. 【IFRS】
Guidance Update ReportHybrid Technologies Co., Ltd. <4260> [TSE-G] announced a performance revision after the market closed on October 15th (15:00). The consolidated net income for the fiscal year ending September 2024 has downwardly by 75.1%, from the previous forecast of 213 million yen to 53 million yen (compared to 160 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 66.9% decrease in profit.
Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated net income/loss has been revised downward from an expected profit of 108 million yen to a loss of 52 million yen (compared to a profit of 99 million yen in the same period of the previous year), turning to a loss outlook.
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Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 Prev | 1,721M | 181M | 135M | 108M | 9.5 | 0 | May 15, 2024 | IFRS |
| Apr - Sep, 2024 New | 1,554M | -50M | -44M | -52M | -4.6 | 0 | Oct 15, 2024 | IFRS |
| Revision Rate | -9.7% | － | － | － | － |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2024 Prev | 3,306M | 331M | 264M | 213M | 18.7 | 0 | Nov 14, 2023 | IFRS |
| Sep, 2024 New | 3,139M | 100M | 85M | 53M | 4.7 | 0 | Oct 15, 2024 | IFRS |
| Revision Rate | -5.1% | -69.8% | -67.8% | -75.1% | -75.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,586M | 158M | 116M | 99M | 8.9 | 0 | Nov 14, 2023 | IFRS |
|
Guidance
Apr - Sep, 2024
|
1,554M | -50M | -44M | -52M | -4.6 | 0 | Oct 15, 2024 | IFRS |
| YoY | -2.0% | － | － | － | － |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,408M | 288M | 310M | 250M | 24.2 | 0 | Nov 14, 2022 | IFRS |
|
|
2,906M | 257M | 189M | 160M | 14.4 | 0 | Nov 14, 2023 | IFRS |
|
Guidance
Sep, 2024
|
3,139M | 100M | 85M | 53M | 4.7 | 0 | Oct 15, 2024 | IFRS |
| YoY | +8.0% | -61.1% | -55.0% | -66.9% | -67.7% |