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HURXLEY CORPORATION, July-September (2Q) Ordinary Profit Decreases by 21%

Wed Nov 13, 2024 12:00 pm JST Earnings

7561 HURXLEY CORPORATION 【J-GAAP】

Earnings Report

HURXLEY CORPORATION <7561> [TSE-S] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.07 billion yen, a 1.0% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.5% decrease.

However, The progress rate against the 2.85 billion yen full-year plan was 37.6%, also falling below the five-year average of 46.4%.

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 grow by 16.4% from the same period last year, reaching 1.77 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 355 million yen, a 20.9% decrease compared to the same period last year. The operating profit margin worsened from 4.2% in the same period last year to 3.1%.

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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 15,999 723 866 609 33.1 54.8 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 21,284 891 1,061 841 45.7 41.0 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 21,108 1,028 1,072 617 33.4 37.6 Nov 13, 2024 J-GAAP
YoY -0.8% +15.4% +1.0% -26.6% -26.8%

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 21,400 700 950 750 40.6 13 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 21,108 1,028 1,072 617 33.4 13 Nov 13, 2024 J-GAAP
Revision Rate -1.4% +46.9% +12.8% -17.7% -17.6%

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 25,477 1,545 1,527 760 41.2 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,892 1,422 1,778 1,183 64.0 13 Nov 13, 2024 J-GAAP
YoY +9.5% -8.0% +16.4% +55.7% +55.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,613 1,460 1,579 1,047 56.9 18 May 15, 2023 J-GAAP
Mar, 2024 46,761 2,436 2,588 1,601 86.9 24 May 15, 2024 J-GAAP
Mar, 2025 Guidance 49,000 2,450 2,850 1,800 97.3 26 May 15, 2024 J-GAAP
YoY +4.8% +0.6% +10.1% +12.4% +12.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,148 424 449 326 17.7 4.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 11,212 714 790 485 26.3 6.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 14,265 831 737 275 14.9 5.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 10,664 700 717 482 26.1 6.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 10,444 328 355 135 7.3 3.1 Nov 13, 2024 J-GAAP
YoY +2.9% -22.6% -20.9% -58.6% -58.7%

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