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HARIMA B.STEM CORPORATION, First Half Ordinary Profit Increases by 13%

Fri Nov 8, 2024 11:30 am JST Earnings

9780 HARIMA B.STEM CORPORATION 【J-GAAP】

Earnings Report

HARIMA B.STEM CORPORATION <9780> [TSE-S] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.6% from the same period last year, reaching 572 million yen. The progress rate against the 1.11 billion yen full-year plan was 51.5%, it was below the five-year average of 54.6%.

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 decrease by 2.2% from the same period last year to 538 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 230 million yen, a 0.9% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.9% 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 12,367 454 532 355 39.8 52.0 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 12,921 453 508 348 38.7 48.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 13,375 526 572 404 44.5 51.5 Nov 8, 2024 J-GAAP
YoY +3.5% +16.1% +12.6% +16.1% +15.1%

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 12 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 13,375 526 572 404 44.5 12 Nov 8, 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
Oct - Mar, 2023 13,697 511 550 408 45.2 9 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,125 534 538 406 44.4 12 Nov 8, 2024 J-GAAP
YoY +3.1% +4.5% -2.2% -0.5% -1.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 25,316 813 1,024 736 82.2 11 May 12, 2023 J-GAAP
Mar, 2024 26,618 964 1,058 756 83.7 15 May 14, 2024 J-GAAP
Mar, 2025 Guidance 27,500 1,060 1,110 810 88.6 24 May 14, 2024 J-GAAP
YoY +3.3% +10.0% +4.9% +7.1% +5.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,415 188 232 164 18.2 2.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 6,922 294 321 216 23.9 4.2 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 6,775 217 229 192 21.3 3.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,732 317 342 229 25.3 4.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 6,643 209 230 175 19.3 3.1 Nov 8, 2024 J-GAAP
YoY +3.6% +11.2% -0.9% +6.7% +5.8%

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