Hamai Industries (6497) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, increased 10.3% year-over-year to ¥8,618 million, driven by strong demand in LPG container valves, price increases, and recovery in key segments.

• Operating profit rose 15.1% year-over-year to ¥715 million, reflecting successful price revisions and higher sales volumes.

• Net income attributable to shareholders dropped 86.6% year-over-year to ¥88 million due to a one-time antitrust penalty of ¥454 million.

Financial highlights

• Revenue: ¥8,618 million (up 10.3% year-over-year).

• Operating profit: ¥715 million (up 15.1% year-over-year).

• Ordinary profit: ¥774 million (up 7.9% year-over-year).

• Net income: ¥88 million (down 86.6% year-over-year, impacted by special loss from antitrust fine).

• Comprehensive income: ¥519 million (down from ¥1,108 million year-over-year).

Outlook and guidance

• Full-year revenue forecast: ¥11,000 million (down 1.2% year-over-year).

• Full-year operating profit forecast: ¥1,000 million (down 2.1% year-over-year).

• Full-year net income forecast: ¥450 million (up 50.5% year-over-year, reflecting normalization after one-time loss).

• No changes to previously announced guidance.