Howa Machinery, The Current Fiscal Year Ordinary Profit Revised Upward by 58%

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Fri Feb 14, 2025 3:00 pm JST Earnings

6203 Howa Machinery, Ltd. 【J-GAAP】

Earnings Report

Howa Machinery, Ltd. <6203> [TSE Std] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 4.4 times that of the same period last year, reaching 1.19 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 58.2%, from the previous forecast of 0.79 billion yen to 1.25 billion yen (compared to 0.46 billion yen in the previous period), increasing the growth rate from 69.5% to 2.7 times.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 13 times, from the previous forecast of 0.04 billion yen to 0.5 billion yen (compared to 0.2 billion yen in the same period of the previous year), turning to a 2.4 times increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 37 times that of the same period last year, reaching 0.44 billion yen. The operating profit margin drastically improved from 0.7% in the same period last year to 6.8%.

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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
Apr - Dec, 2022	13,358	358	545	467	38.8	87.6	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	14,423	196	270	212	17.6	57.9	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	16,563	1,033	1,195	850	70.5	95.6	Feb 14, 2025	J-GAAP
YoY	+14.8%	+427.0%	+342.6%	+300.9%	+300.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	13,387	122	40	133	11.0	20	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	13,387	482	500	323	26.8	20	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	+295.1%	+1,150.0%	+142.9%	+142.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	24,100	760	790	680	56.4	20	May 15, 2024	J-GAAP
Mar, 2025 New	24,100	1,120	1,250	870	72.1	20	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	+47.4%	+58.2%	+27.9%	+27.9%

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	9,815	222	208	-1,084	-90.0	20	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,387	482	500	323	26.8	20	Feb 14, 2025	J-GAAP
YoY	+36.4%	+117.1%	+140.4%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,738	452	622	524	43.6	20	May 15, 2023	J-GAAP
Mar, 2024	19,786	388	466	-873	-72.5	20	May 15, 2024	J-GAAP
Mar, 2025 Guidance	24,100	1,120	1,250	870	72.1	20	Feb 14, 2025	J-GAAP
YoY	+21.8%	+188.7%	+168.2%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	4,452	30	12	1	0.1	0.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,363	192	196	-1,085	-90.1	3.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	4,558	128	264	201	16.7	2.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,155	510	486	346	28.7	8.3	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	5,850	395	445	303	25.2	6.8	Feb 14, 2025	J-GAAP
YoY	+31.4%	+1,216.7%	+3,608.3%	+30,200.0%	+31,337.5%