HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 5%

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Thu Oct 3, 2024 4:00 pm JST Earnings

6469 HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD. 【J-GAAP】

Earnings Report

HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD. <6469> [TSE-S] announced its financial results after the market closed on October 3rd (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 137 million yen (compared to a loss of 31 million yen in the same period last year), reversing from the forecast of a loss of 15 million yen to a profit.

In addition, the full-year consolidated ordinary profit has been revised upward by 5.5%, from the previous forecast of 329 million yen to 347 million yen (compared to 169 million yen in the previous period), increasing the growth rate from 94.7% to 2.1 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 5.0% from the same period last year, reaching 210 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 67 million yen (compared to a loss of 15 million yen in the same period last year). The operating profit/loss margin significantly improved from -0.5% in the same period last year to 3.0%.

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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
Mar - Aug, 2022	6,025	-52	-51	-22	-3.2	ー	Oct 4, 2022	J-GAAP
Mar - Aug, 2023	5,747	-33	-31	-6	-0.9	ー	Oct 3, 2023	J-GAAP
Mar - Aug, 2024	5,952	166	137	80	7.6	39.5	Oct 3, 2024	J-GAAP
YoY	+3.6%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	6,454	7	-15	-2	-0.2	0	Apr 9, 2024	J-GAAP
Mar - Aug, 2024 Results	5,952	166	137	80	7.6	0	Oct 3, 2024	J-GAAP
Revision Rate	-7.8%	+2,271.4%	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	13,566	368	329	222	20.8	7	Apr 9, 2024	J-GAAP
Feb, 2025 New	12,956	391	347	227	21.3	7	Oct 3, 2024	J-GAAP
Revision Rate	-4.5%	+6.3%	+5.5%	+2.3%	+2.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	6,413	263	200	237	33.3	7	Apr 9, 2024	J-GAAP
Sep - Feb, 2024 Guidance	7,004	225	210	147	13.8	7	Oct 3, 2024	J-GAAP
YoY	+9.2%	-14.4%	+5.0%	-38.0%	-58.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	11,679	-311	-322	-1,288	-180.9	20	Apr 6, 2023	J-GAAP
Feb, 2024	12,160	230	169	231	32.5	7	Apr 9, 2024	J-GAAP
Feb, 2025 Guidance	12,956	391	347	227	21.3	7	Oct 3, 2024	J-GAAP
YoY	+6.5%	+70.0%	+105.3%	-1.7%	-34.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,889	-14	-15	11	1.6	-0.5	Oct 3, 2023	J-GAAP
Sep - Nov, 2023	3,064	125	120	93	13.2	4.1	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	3,349	138	80	144	20.3	4.1	Apr 9, 2024	J-GAAP
Mar - May, 2024	2,989	78	70	42	4.0	2.6	Jul 2, 2024	J-GAAP
Jun - Aug, 2024	2,963	88	67	38	3.6	3.0	Oct 3, 2024	J-GAAP
YoY	+2.6%	－	－	+245.5%	+127.8%