Hosiden Corporation, First Half Ordinary Profit Decreases by 42%

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Fri Nov 8, 2024 3:40 pm JST Earnings

6804 Hosiden Corporation 【J-GAAP】

Earnings Report

Hosiden Corporation <6804> [TSE-P] announced its financial results after the market closed on November 8th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 42.5% from the same period last year to 6.34 billion yen. The progress rate against the 9.2 billion yen full-year plan was 68.9%, also surpassing the five-year average of 54.4%.

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 significant drop by 60.0% from the same period last year to 2.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 951 million yen, a 82.9% decrease compared to the same period last year. However, the operating profit margin improved from 5.6% in the same period last year to 6.1%.

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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	120,666	10,147	16,070	10,941	199.1	84.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	124,909	6,467	11,017	7,315	140.5	60.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	116,173	7,969	6,340	4,426	85.5	68.9	Nov 8, 2024	J-GAAP
YoY	-7.0%	+23.2%	-42.5%	-39.5%	-39.2%

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	116,000	8,000	6,300	4,400	85.1	19	Nov 5, 2024	J-GAAP
Apr - Sep, 2024 Results	116,173	7,969	6,340	4,426	85.5	19	Nov 8, 2024	J-GAAP
Revision Rate	+0.1%	-0.4%	+0.6%	+0.6%	+0.5%

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	94,001	6,458	7,143	4,317	83.2	44	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	110,827	1,231	2,860	1,974	38.8	19	Nov 8, 2024	J-GAAP
YoY	+17.9%	-80.9%	-60.0%	-54.3%	-53.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	277,244	15,750	18,984	12,637	232.9	71	May 12, 2023	J-GAAP
Mar, 2024	218,910	12,925	18,160	11,632	224.2	68	May 10, 2024	J-GAAP
Mar, 2025 Guidance	227,000	9,200	9,200	6,400	125.8	38	May 10, 2024	J-GAAP
YoY	+3.7%	-28.8%	-49.3%	-45.0%	-43.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	68,636	3,871	5,557	3,657	70.3	5.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	52,557	4,760	4,330	3,285	63.3	9.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	41,444	1,698	2,813	1,032	19.9	4.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	57,876	4,391	5,389	3,669	71.0	7.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	58,297	3,578	951	757	14.6	6.1	Nov 8, 2024	J-GAAP
YoY	-15.1%	-7.6%	-82.9%	-79.3%	-79.2%