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Howtelevision, Inc., First Half Ordinary Profit Increases by 35%, 2Q (May-July) Ordinary Profit Increases by 21%

Wed Sep 11, 2024 3:00 pm JST Earnings

7064 Howtelevision, Inc. 【J-GAAP】

Earnings Report

Howtelevision, Inc. <7064> [TSE-G] announced its financial results after the market closed on September 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) expanded to 292 million yen, an increase of 35.2% compared to the previous period. This progress accounts for 65.5% of the full-year plan of 446 million yen, almost the same as the five-year average of 66.4%.

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 August to January period (second half) is expected to decrease by 18.1% from the previous period to 154 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew by 21.1% from the same period last year, reaching 322 million yen. However, the operating profit margin decreased from 42.3% in the same period last year to 41.4%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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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
Feb - Jul, 2022 761 225 225 172 65.2 57.0 Sep 7, 2022 J-GAAP
Feb - Jul, 2023 917 217 216 155 57.5 53.5 Sep 6, 2023 J-GAAP
Feb - Jul, 2024 1,140 293 292 184 67.6 65.5 Sep 11, 2024 J-GAAP
YoY +24.3% +35.0% +35.2% +18.7% +17.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance ー ー ー ー － 0 Mar 6, 2024 J-GAAP
Feb - Jul, 2024 Results 1,140 293 292 184 67.6 0 Sep 11, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 925 189 188 145 53.7 0 Mar 6, 2024 J-GAAP
Aug - Jan, 2024 Guidance 1,250 157 154 119 43.7 0 Sep 11, 2024 J-GAAP
YoY +35.1% -16.9% -18.1% -17.9% -18.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 1,543 396 395 283 106.0 0 Mar 8, 2023 J-GAAP
Jan, 2024 1,842 406 404 300 111.1 0 Mar 6, 2024 J-GAAP
Jan, 2025 Guidance 2,390 450 446 303 111.4 0 Mar 6, 2024 J-GAAP
YoY +29.8% +10.8% +10.4% +1.0% +0.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 631 267 266 174 64.5 42.3 Sep 6, 2023 J-GAAP
Aug - Oct, 2023 434 71 71 47 17.4 16.4 Dec 6, 2023 J-GAAP
Nov - Jan, 2023 491 118 117 98 36.3 24.0 Mar 6, 2024 J-GAAP
Feb - Apr, 2024 362 -29 -30 -22 -8.3 -8.0 Jun 12, 2024 J-GAAP
May - Jul, 2024 778 322 322 206 75.7 41.4 Sep 11, 2024 J-GAAP
YoY +23.3% +20.6% +21.1% +18.4% +17.2%

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