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HIRATA Corporation, First Half Ordinary Profit Decreases by 17%, July-September Ordinary Profit Decreases by 16%

Fri Nov 8, 2024 3:30 pm JST Earnings

6258 HIRATA Corporation 【J-GAAP】

Earnings Report

HIRATA Corporation <6258> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.5% from the same period last year to 2.7 billion yen. The progress rate against the 7.3 billion yen full-year plan was 37.1%, also falling below the five-year average of 51.2%.

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 expand by 54.2% from the same period last year, reaching 4.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.42 billion yen, a 16.0% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 7.8%.

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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 34,669 2,377 2,255 1,743 56.0 38.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 37,394 3,111 3,281 2,303 74.0 52.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 40,365 2,765 2,708 1,803 57.9 37.1 Nov 8, 2024 J-GAAP
YoY +7.9% -11.1% -17.5% -21.7% -21.7%

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 40,365 2,765 2,708 1,803 57.9 0 Nov 8, 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 45,445 2,936 2,978 2,041 65.5 33.33 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 59,635 4,735 4,592 2,897 94.7 40 Nov 8, 2024 J-GAAP
YoY +31.2% +61.3% +54.2% +41.9% +44.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 78,443 5,920 5,802 4,269 137.1 30 May 12, 2023 J-GAAP
Mar, 2024 82,839 6,047 6,259 4,344 139.4 33.33 May 10, 2024 J-GAAP
Mar, 2025 Guidance 100,000 7,500 7,300 4,700 153.6 40 May 10, 2024 J-GAAP
YoY +20.7% +24.0% +16.6% +8.2% +10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,239 1,608 1,701 1,198 38.5 8.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 23,614 2,792 2,822 2,344 75.2 11.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 21,831 144 156 -303 -9.7 0.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 20,368 1,214 1,279 722 23.2 6.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 19,997 1,551 1,429 1,081 34.7 7.8 Nov 8, 2024 J-GAAP
YoY +9.6% -3.5% -16.0% -9.8% -9.8%

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