HIMACS (4299) Q4 2024 earnings summary

Executive summary

• FY ended Mar 2025 revenue rose 4.1% YoY to ¥18,066 million; operating profit increased 5.1% to ¥1,807 million, with a 10.0% margin.

• Financial DX work expanded, particularly in banking, insurance and credit; higher selling prices and productivity gains supported profit growth.

Financial highlights

• Gross profit was ¥3,643 million, up 3.0% YoY; SG&A increased 1.0% to ¥1,837 million.

• Ordinary profit rose 5.3% to ¥1,821 million; net income attributable to owners of parent increased 9.2% to ¥1,293 million.

• EPS was ¥111.59, up ¥9.70 YoY; annual dividend was ¥45 per share, versus ¥43.50 in FY2024.

• New orders increased 3.5% to ¥18,335 million; year-end backlog grew 8.3% to ¥3,492 million.

Outlook and guidance

• FY ending Mar 2026 guidance: revenue ¥20,000 million (+10.7% YoY), operating profit ¥1,820 million (+0.7%) and operating margin 9.1%.

• Forecast ordinary profit is ¥1,838 million (+0.9%); net income is ¥1,245 million (-3.7%), with EPS of ¥107.40.

• Planned annual dividend is ¥46 per share, including ¥23 interim and ¥23 year-end; payout ratio is forecast at 42.8%.

• FY2026 sales mix is expected to be 68% financial and 32% non-financial; growth drivers include banking security/DX, insurance modernization and new end-user projects.