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HOPE, INC., First Half Ordinary Profit Decreases by 54%

Thu Nov 14, 2024 4:00 pm JST Earnings

6195 HOPE, INC. 【J-GAAP】

Earnings Report

HOPE, INC. <6195> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 54.2% from the same period last year to 65 million yen. The progress rate against the 283 million yen full-year plan was 23.0%, also falling below the same period of the previous year of 62.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.5 times that of the same period last year, reaching 218 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.4% from the same period last year, reaching 54 million yen. The operating profit margin remained almost flat, changing from 7.8% in the same period last year to 7.9%.

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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 1,177 223 217 5,028 446.3 135.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 1,204 142 142 104 6.4 62.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 1,308 64 65 50 3.1 23.0 Nov 14, 2024 J-GAAP
YoY +8.6% -54.9% -54.2% -51.9% -51.6%

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 1,308 64 65 50 3.1 0 Nov 11, 2024 J-GAAP
Apr - Sep, 2024 Results 1,308 64 65 50 3.1 0 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -1.6%

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 1,349 86 86 157 9.6 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,713 218 218 278 17.9 0 Nov 11, 2024 J-GAAP
YoY +27.0% +153.5% +153.5% +77.1% +86.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,157 181 160 5,028 400.2 0 May 11, 2023 J-GAAP
Mar, 2024 2,553 228 228 261 15.9 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 3,021 282 283 328 21.1 0 Oct 31, 2024 J-GAAP
YoY +18.3% +23.7% +24.1% +25.7% +32.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 587 46 46 35 2.2 7.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 610 47 46 38 2.3 7.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 739 39 40 119 7.3 5.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 634 11 11 2 0.2 1.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 674 53 54 48 3.0 7.9 Nov 14, 2024 J-GAAP
YoY +14.8% +15.2% +17.4% +37.1% +38.1%

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