kabutan

HOCHIKI CORPORATION, First Half Ordinary Profit Increases by 59%, July-September Ordinary Profit Increases by 22%

Wed Nov 6, 2024 3:30 pm JST Earnings

6745 HOCHIKI CORPORATION 【J-GAAP】

Earnings Report

HOCHIKI CORPORATION <6745> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.36 billion yen, an increase of 59.5% compared to the same period last year. The progress rate against the 7.8 billion yen full-year plan was 43.1%, exceeding the five-year average of 23.6%.

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 decrease by 21.8% from the same period last year to 4.43 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 22.1% from the same period last year, reaching 2.48 billion yen. The operating profit margin significantly improved from 8.4% in the same period last year to 11.7%.

Kabutan News

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 37,662 635 1,060 841 33.6 18.1 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 41,568 1,787 2,109 1,512 60.9 27.1 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 45,531 3,376 3,363 2,284 92.0 43.1 Nov 6, 2024 J-GAAP
YoY +9.5% +88.9% +59.5% +51.1% +51.0%

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 45,500 3,300 3,300 2,200 88.6 29 Oct 31, 2024 J-GAAP
Apr - Sep, 2024 Results 45,531 3,376 3,363 2,284 92.0 29 Nov 6, 2024 J-GAAP
Revision Rate +0.1% +2.3% +1.9% +3.8% +3.8%

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 51,917 5,588 5,673 4,149 167.3 32.50 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 49,469 4,224 4,437 3,416 137.4 29 Nov 6, 2024 J-GAAP
YoY -4.7% -24.4% -21.8% -17.7% -17.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 85,457 5,590 5,857 4,422 176.7 51 May 10, 2023 J-GAAP
Mar, 2024 93,485 7,375 7,782 5,661 228.2 58 May 8, 2024 J-GAAP
Mar, 2025 Guidance 95,000 7,600 7,800 5,700 229.2 58 May 8, 2024 J-GAAP
YoY +1.6% +3.1% +0.2% +0.7% +0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 23,364 1,951 2,034 1,425 57.4 8.4 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 24,721 2,880 2,789 1,955 78.8 11.7 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 27,196 2,708 2,884 2,194 88.5 10.0 May 8, 2024 J-GAAP
Apr - Jun, 2024 20,879 498 879 568 22.9 2.4 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 24,652 2,878 2,484 1,716 69.1 11.7 Nov 6, 2024 J-GAAP
YoY +5.5% +47.5% +22.1% +20.4% +20.4%

Related Articles