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HIGASHI TWENTY ONE, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 16%, Oct-Dec Ordinary Profit Increases by 55%

Fri Jan 24, 2025 3:30 pm JST Earnings

9029 HIGASHI HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

HIGASHI TWENTY ONE CO.,LTD. <9029> [TSE Std] announced its financial results after the market closed on January 24th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 15.6% from the same period last year, reaching 2.06 billion yen. The progress rate toward the full-year plan of 2.6 billion yen was 79.3%, also surpassing the five-year average of 76.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 2.5% from the same period last year, reaching 0.53 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 54.7% from the same period last year, reaching 0.89 billion yen. The operating profit margin improved from 5.5% in the same period last year to 6.7%.

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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
Apr - Dec, 2022 25,120 1,455 1,554 991 75.7 76.7 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 29,537 1,685 1,785 1,127 85.7 77.3 Jan 26, 2024 J-GAAP
Apr - Dec, 2024 34,687 1,957 2,063 1,296 98.1 79.3 Jan 24, 2025 J-GAAP
YoY +17.4% +16.1% +15.6% +15.0% +14.5%

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 21,105 1,059 1,103 764 58.1 36 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,524 1,346 1,433 951 73.0 38 Oct 25, 2024 J-GAAP
YoY -2.8% +27.1% +29.9% +24.5% +25.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,807 1,908 2,026 1,268 96.8 30 May 12, 2023 J-GAAP
Mar, 2024 40,635 2,190 2,309 1,506 114.5 36 May 10, 2024 J-GAAP
Mar, 2025 Guidance 42,500 2,450 2,600 1,640 125.9 38 May 10, 2024 J-GAAP
YoY +4.6% +11.9% +12.6% +8.9% +10.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,007 554 579 385 29.3 5.5 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 11,098 505 524 379 28.8 4.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 11,040 536 567 302 23.0 4.9 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 10,936 568 600 387 29.3 5.2 Oct 25, 2024 J-GAAP
Oct - Dec, 2024 12,711 853 896 607 46.0 6.7 Jan 24, 2025 J-GAAP
YoY +27.0% +54.0% +54.7% +57.7% +57.0%

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