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Value HR Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 38%

Thu Nov 14, 2024 3:30 pm JST Earnings

6078 Value HR Co., Ltd. 【J-GAAP】

Earnings Report

Value HR Co., Ltd. <6078> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 26.6% from the same period last year to 741 million yen. The progress rate against the 1.5 billion yen full-year plan was 49.4%, also falling below the five-year average of 67.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 69.0% from the same period last year, reaching 759 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 256 million yen, a 38.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 20.7% in the same period last year to 13.2%.

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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 4,469 793 873 579 22.1 66.5 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 5,135 941 1,010 668 25.5 69.2 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 6,082 755 741 480 18.0 49.4 Nov 14, 2024 J-GAAP
YoY +18.4% -19.8% -26.6% -28.1% -29.5%

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 3,720 808 864 578 22.1 12 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 4,203 959 1,015 685 25.7 13 Aug 14, 2024 J-GAAP
YoY +13.0% +18.7% +17.5% +18.5% +16.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 6,168 1,194 1,312 880 33.6 18 Feb 14, 2023 J-GAAP
Dec, 2023 7,100 1,385 1,459 970 37.0 24 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 8,165 1,435 1,500 1,000 37.5 25 Feb 14, 2024 J-GAAP
YoY +15.0% +3.6% +2.8% +3.1% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,755 364 415 276 10.5 20.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,965 444 449 302 11.5 22.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,930 279 272 158 6.0 14.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,032 197 213 157 5.9 9.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 2,120 279 256 165 6.2 13.2 Nov 14, 2024 J-GAAP
YoY +20.8% -23.4% -38.3% -40.2% -41.4%

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