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HIOKI E.E.CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 17%

Tue Oct 15, 2024 3:00 pm JST Earnings

6866 HIOKI E.E.CORPORATION 【J-GAAP】

Earnings Report

HIOKI E.E.CORPORATION <6866> [TSE-P] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 17.3% from the same period last year to 5.38 billion yen. The progress rate against the 8.32 billion yen full-year plan was 64.7%, also falling below the five-year average of 74.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 70.3% from the same period last year, reaching 2.93 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 1.76 billion yen, a 0.7% decrease compared to the same period last year. However, the operating profit margin rose from 19.0% in the same period last year to 19.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 24,888 4,967 5,287 3,992 292.5 72.6 Oct 17, 2022 J-GAAP
Jan - Sep, 2023 29,563 6,294 6,511 4,830 353.7 79.1 Oct 16, 2023 J-GAAP
Jan - Sep, 2024 28,077 5,160 5,382 4,031 295.8 64.7 Oct 15, 2024 J-GAAP
YoY -5.0% -18.0% -17.3% -16.5% -16.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 18,820 3,410 3,505 2,882 211.1 90 Jan 25, 2024 J-GAAP
Jul - Dec, 2024 Guidance 21,338 4,656 4,706 3,740 276.4 100 Jul 16, 2024 J-GAAP
YoY +13.4% +36.5% +34.3% +29.8% +30.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 34,371 7,070 7,287 5,330 390.5 160 Jan 25, 2023 J-GAAP
Dec, 2023 39,154 7,955 8,236 6,329 463.5 180 Jan 25, 2024 J-GAAP
Dec, 2024 Guidance 40,000 8,000 8,320 6,360 469.9 200 Jul 9, 2024 J-GAAP
YoY +2.2% +0.6% +1.0% +0.5% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,229 1,749 1,780 1,383 101.3 19.0 Oct 16, 2023 J-GAAP
Oct - Dec, 2023 9,591 1,661 1,725 1,499 109.8 17.3 Jan 25, 2024 J-GAAP
Jan - Mar, 2024 9,111 1,613 1,724 1,206 88.3 17.7 Apr 15, 2024 J-GAAP
Apr - Jun, 2024 9,551 1,731 1,890 1,414 103.5 18.1 Jul 16, 2024 J-GAAP
Jul - Sep, 2024 9,415 1,816 1,768 1,411 103.5 19.3 Oct 15, 2024 J-GAAP
YoY +2.0% +3.8% -0.7% +2.0% +2.2%

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