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Heiwa Corporation, First Half Ordinary Profit Increases by 34%, July-September Ordinary Profit Increases by 64%

Fri Nov 8, 2024 3:30 pm JST Earnings

6412 Heiwa Corporation 【J-GAAP】

Earnings Report

Heiwa Corporation <6412> [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) expanded to 15.2 billion yen, an increase of 33.6% compared to the same period last year. The progress rate against the 29.2 billion yen full-year plan was 52.4%, almost the same as the five-year average of 52.9%.

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 grow by 23.1% from the same period last year, reaching 13.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 63.7% from the same period last year, reaching 6.56 billion yen. The operating profit margin rose from 14.7% in the same period last year to 18.6%.

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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 70,930 15,337 15,136 10,798 109.5 56.8 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 66,715 12,171 11,447 7,436 75.4 50.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 71,790 15,404 15,292 10,415 105.6 52.4 Nov 8, 2024 J-GAAP
YoY +7.6% +26.6% +33.6% +40.1% +40.1%

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 ー ー ー ー － 40 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 71,790 15,404 15,292 10,415 105.6 40 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 69,666 11,259 11,299 9,175 93.0 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 86,410 14,596 13,908 9,585 97.2 40 Nov 8, 2024 J-GAAP
YoY +24.0% +29.6% +23.1% +4.5% +4.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 142,290 26,905 26,631 20,685 209.7 80 May 12, 2023 J-GAAP
Mar, 2024 136,381 23,430 22,746 16,611 168.4 80 May 10, 2024 J-GAAP
Mar, 2025 Guidance 158,200 30,000 29,200 20,000 202.8 80 May 10, 2024 J-GAAP
YoY +16.0% +28.0% +28.4% +20.4% +20.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 31,773 4,680 4,011 2,493 25.3 14.7 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 36,089 7,143 7,099 4,173 42.3 19.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 33,577 4,116 4,200 5,002 50.7 12.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 35,586 8,654 8,725 5,628 57.1 24.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 36,204 6,750 6,567 4,787 48.5 18.6 Nov 8, 2024 J-GAAP
YoY +13.9% +44.2% +63.7% +92.0% +92.0%

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