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HOKUSHIN CO.,LTD., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Turns to Loss

Thu Oct 31, 2024 4:30 pm JST Earnings

7897 HOKUSHIN CO.,LTD. 【J-GAAP】

Earnings Report

HOKUSHIN CO.,LTD. <7897> [TSE-S] announced its financial results after the market closed on October 31st (16:30). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 49 million yen (compared to a loss of 25 million yen in the same period last year).

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 October to March period (second half) is expected to drop by 30.7% from the same period last year to 149 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 49 million yen (compared to a profit of 24 million yen in the same period last year). The operating profit/loss margin worsened from 1.0% in the same period last year to -2.0%.

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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 6,631 475 477 346 12.2 97.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 5,437 -28 -25 -60 -2.1 ー Oct 27, 2023 J-GAAP
Apr - Sep, 2024 4,837 -48 -49 -36 -1.3 ー Oct 31, 2024 J-GAAP
YoY -11.0% -71.4% -96.0% +40.0% +39.9%

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 4,800 -60 -60 -50 -1.8 0 Sep 27, 2024 J-GAAP
Apr - Sep, 2024 Results 4,837 -48 -49 -36 -1.3 0 Oct 31, 2024 J-GAAP
Revision Rate +0.8% +20.0% +18.3% +28.0% +27.3%

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 5,542 154 215 218 7.7 2 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,563 158 149 106 3.7 2 Oct 31, 2024 J-GAAP
YoY +18.4% +2.6% -30.7% -51.4% -51.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,887 489 489 332 11.7 4 Apr 28, 2023 J-GAAP
Mar, 2024 10,979 126 190 158 5.6 2 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 11,400 110 100 70 2.5 2 Apr 26, 2024 J-GAAP
YoY +3.8% -12.7% -47.4% -55.7% -55.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,683 26 24 22 0.8 1.0 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 2,950 103 139 165 5.8 3.5 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 2,592 51 76 53 1.9 2.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 2,374 2 0 -1 0.0 0.1 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 2,463 -50 -49 -35 -1.2 -2.0 Oct 31, 2024 J-GAAP
YoY -8.2% － － － －

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