Human Holdings Co (2415) Q2 2025 earnings summary

Executive summary

• Consolidated revenue for the six months ended September 30, 2024, increased 4.0% year-over-year to ¥49,158 million, with operating profit up 3.9% to ¥1,081 million and ordinary profit up 7.5% to ¥1,128 million.

• Profit attributable to owners of parent was ¥605 million, nearly flat year-over-year, and earnings per share rose to ¥58.31 from ¥55.44.

• All major business segments contributed to revenue growth, with the human resources segment showing the strongest gains.

• Full-year guidance remains unchanged, with expectations to surpass previous record highs in both revenue and profit.

Financial highlights

• Gross profit increased to ¥12,422 million from ¥11,886 million year-over-year.

• Operating profit margin was 2.2% for the period, unchanged year-over-year.

• Human resources segment revenue rose 5.4% year-over-year, with operating profit up 38.6%.

• Education segment revenue increased 1.6%, but operating profit declined 69.2% due to upfront investments and temporary costs.

• Care segment revenue grew 4.7%, with a slight decrease in operating profit due to higher personnel costs.

Outlook and guidance

• Full-year revenue forecast is ¥99,300 million (+3.6% year-over-year), with operating profit projected at ¥3,300 million and ordinary profit at ¥3,350 million.

• Profit attributable to owners of parent is forecast at ¥2,200 million, with full-year earnings per share of ¥211.99.

• Dividend forecast for FY2025/3 is ¥64 per share (payout ratio 30.2%).

• Progress toward full-year targets is on track for most segments, though education segment profit lags due to upfront costs, expected to recover in the second half.