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

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%

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