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HOSOYA PYRO-ENGINEERING CO.,LTD., First Half Ordinary Profit Increases by 2.1 times, July-September Ordinary Profit Increases by 41%

Mon Nov 11, 2024 3:30 pm JST Earnings

4274 HOSOYA PYRO-ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

HOSOYA PYRO-ENGINEERING CO.,LTD. <4274> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 188 million yen. The progress rate against the 205 million yen full-year plan was 91.7%, also surpassing the five-year average of 43.4%.

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 October to March period (second half) is expected to significant drop by 84.5% from the same period last year to 17 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 41.1% from the same period last year, reaching 127 million yen. The operating profit margin rose from 28.6% in the same period last year to 32.3%.

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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 540 67 69 48 12.1 37.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 552 87 91 66 16.6 45.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 682 185 188 130 32.6 91.7 Nov 11, 2024 J-GAAP
YoY +23.6% +112.6% +106.6% +97.0% +96.1%

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 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 682 185 188 130 32.6 Nov 11, 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 1,280 107 110 72 18.1 10 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,193 15 17 15 3.8 10 Nov 11, 2024 J-GAAP
YoY -6.8% -86.0% -84.5% -79.2% -79.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,761 177 183 132 33.1 10 May 12, 2023 J-GAAP
Mar, 2024 1,832 194 201 138 34.6 10 May 13, 2024 J-GAAP
Mar, 2025 Guidance 1,875 200 205 145 36.2 10 May 13, 2024 J-GAAP
YoY +2.3% +3.1% +2.0% +5.1% +4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 308 88 90 61 15.4 28.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 360 43 46 32 8.1 11.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 920 64 64 40 10.0 7.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 289 58 61 43 10.9 20.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 393 127 127 87 21.8 32.3 Nov 11, 2024 J-GAAP
YoY +27.6% +44.3% +41.1% +42.6% +42.0%

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