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HIDAY HIDAKA Corp., First Half Ordinary Profit Increases by 11%

Fri Oct 4, 2024 3:00 pm JST Earnings

7611 HIDAY HIDAKA Corp. 【J-GAAP】

Earnings Report

HIDAY HIDAKA Corp. <7611> [TSE-P] announced its financial results after the market closed on October 4th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 10.5% from the same period last year, reaching 2.82 billion yen. The progress rate against the 5.2 billion yen full-year plan was 54.3%, it was below the five-year average of 58.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to grow by 8.0% from the same period last year, reaching 2.37 billion yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit grew by 9.9% from the same period last year, reaching 1.33 billion yen. However, the operating profit margin remained almost flat, changing from 9.8% in the same period last year to 9.7%.

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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
Mar - Aug, 2022 17,606 -195 1,637 1,033 27.2 66.3 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 23,796 2,402 2,555 1,730 45.6 53.7 Oct 6, 2023 J-GAAP
Mar - Aug, 2024 26,881 2,780 2,824 1,887 49.7 54.3 Oct 4, 2024 J-GAAP
YoY +13.0% +15.7% +10.5% +9.1% +9.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 25,500 2,600 2,600 1,750 46.1 18 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 26,881 2,780 2,824 1,887 49.7 18 Oct 4, 2024 J-GAAP
Revision Rate +5.4% +6.9% +8.6% +7.8% +7.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 24,976 2,235 2,201 1,503 39.6 18 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 25,119 2,420 2,376 1,613 43.3 18 Oct 4, 2024 J-GAAP
YoY +0.6% +8.3% +8.0% +7.3% +9.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 38,168 615 2,470 1,519 40.0 24 Apr 12, 2023 J-GAAP
Feb, 2024 48,772 4,637 4,756 3,233 85.2 35 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 52,000 5,200 5,200 3,500 93.9 36 Apr 12, 2024 J-GAAP
YoY +6.6% +12.1% +9.3% +8.3% +10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 12,067 1,182 1,215 820 21.6 9.8 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 12,299 1,241 1,223 819 21.6 10.1 Jan 5, 2024 J-GAAP
Dec - Feb, 2023 12,677 994 978 684 18.0 7.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 13,350 1,471 1,489 992 26.1 11.0 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 13,531 1,309 1,335 895 23.6 9.7 Oct 4, 2024 J-GAAP
YoY +12.1% +10.7% +9.9% +9.1% +9.2%

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