HIRAYAMA HOLDINGS (7781) Q3 2023 earnings summary

Executive summary

• 9M FY6/23 net sales rose 15.4% YoY to ¥23,519 million; operating profit rose 40.1% to ¥783 million and profit attributable to owners of parent rose 44.2% to ¥506 million.

• Higher sales and earnings across all segments were supported by recovering production demand, staffing and in-sourcing orders, site-level improvements, and tighter SG&A control.

Financial highlights

• Net sales ¥23,519 million, up 15.4% YoY; gross profit ¥4,057 million versus ¥3,601 million a year earlier.

• Operating profit ¥783 million, up 40.1% YoY; ordinary profit ¥824 million, up 36.7%.

• Profit attributable to owners of parent ¥506 million, up 44.2% YoY; net income per share ¥69.24 versus ¥51.10.

• Income taxes totaled ¥313 million; profit before income taxes was ¥819 million for 9M FY6/23.

Outlook and guidance

• FY6/23 guidance unchanged: net sales ¥32,000 million, operating profit ¥900 million, ordinary profit ¥900 million, and profit attributable to owners of parent ¥520 million.

• 9M results achieved 73.5% of planned sales, 87.1% of operating profit, 91.6% of ordinary profit, and 97.4% of parent-attributable profit.

• Outlook remained positive, with manufacturing recovery expected to support orders and recruitment activity continuing; actual results may differ from forecasts.